135 Gunn Street

Welcome to this exceptional Multi-Family Home for sale in Barrie , located at 135 Gunn Street, Barrie. This delightful property is nestled in the charming Wellington community, an area known for its friendly atmosphere and convenient amenities. If you’re on the lookout for a solid investment opportunity, this bungalow-raised multiplex is certainly worth your consideration.

The home boasts two distinct units, making it a fantastic choice for those interested in generating rental income. The first unit features two spacious bedrooms, while the second unit offers a cosy one-bedroom layout. Each unit is equipped with its own separate laundry facilities, ensuring convenience for all occupants. With the added benefit of vacant possession available, you can start charging current market rents right away. This is a prime feature of this Multi-Family Home for sale in Barrie, allowing for immediate income generation.

Having undergone significant renovations in 2020, this property is move-in ready. Major updates include modern kitchens, chic bathrooms, and new appliances, all designed to provide a contemporary living experience. The electrical systems have also been updated, ensuring safety and efficiency throughout the home. With these improvements, you won’t need to worry about additional work; you can start generating income immediately upon purchase. The attention to detail in this Multi-Family Home for sale in Barrie truly sets it apart from others on the market.

The property features a finished basement with a separate entrance, providing additional living space or potential for further rental opportunities. The total area of the home is a generous 1,293 square feet, making it spacious enough for comfortable living. The lot measures 46 X 100 feet, and with less than half an acre of additional land, there’s ample space for outdoor activities or even the potential to add a garden suite under Bill 23. This could be a fantastic opportunity for those looking to expand their investment portfolio.

Parking is never a concern here, as the private double driveway accommodates up to six vehicles. This is a significant advantage, especially in a bustling area like Barrie, where parking can often be a challenge. The property does not come with a garage, but the ample parking space more than compensates for this.

For those who enjoy the comfort of a climate-controlled environment, the home is fitted with central air conditioning, ensuring that you stay cool during the warmer months. The heating is provided by a forced air system, which is efficient and effective. While there is no fireplace or central vacuum system, the home is unfurnished, allowing you to personalise the space to your taste.

The location at 135 Gunn Street, Barrie, is also a significant draw. With easy access to local amenities, schools, and parks, you’ll find everything you need within a short distance. The community of Wellington is known for its welcoming vibe and is perfect for families or individuals alike.

In summary, this Multi-Family Home for sale in Barrie is an exceptional investment opportunity, offering two well-appointed units, modern renovations, and the potential for additional income through a garden suite. With its prime location at 135 Gunn Street, Barrie, and the many features it has to offer, this property is not to be missed. Whether you’re looking to invest or seeking a new home, this property ticks all the boxes. Don’t hesitate to visit our website for more detailed information and to arrange a viewing. Your new investment awaits!

Wellington is a charming neighbourhood nestled within the city of Barrie, Ontario, offering a delightful blend of suburban tranquillity and urban convenience. This picturesque area is characterised by its tree-lined streets, well-maintained parks, and a welcoming atmosphere that makes it an ideal place for families and individuals alike. Residents enjoy easy access to essential amenities, including shops, schools, and recreational facilities, all while being just a stone's throw away from the stunning shores of Lake Simcoe. With its strong sense of community and a variety of local events throughout the year, Wellington provides a warm and inviting environment for anyone looking to settle in this vibrant part of Barrie.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.5 km, you will find Oakley Park Public School, which offers both English and French language programs for grades JK to 8, boasting a commendable school rating of 4.8. Additionally, Barrie North Collegiate Institute, located 0.6 km away, serves grades 9 to 12 and has a solid rating of 7, with programs available in both English and French. For families seeking a Catholic education, St. Marguerite D'Youville Catholic School is situated 3.2 km from the property, providing English instruction for grades JK to 8. While this school has not been rated, it offers an alternative for those interested in a faith-based education. Overall, the proximity to quality schools enhances the appeal of this property, ensuring that educational opportunities are readily accessible for children of all ages. This combination of public and Catholic schooling options, along with strong ratings, makes this location particularly attractive for potential buyers looking to invest in a family-friendly neighborhood.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 493 residents, with an average household size of 2.3 individuals. The community has a relatively mature demographic, with an average age of 39.8 years. The average household income stands at $86,000, reflecting a stable economic environment, although 9.2% of the population is classified as low-income. The real estate market shows an average property price of $620,000, indicating a competitive housing landscape. Approximately 48.81% of residents are single, while 33.33% of households include children, suggesting a mix of family structures. The area is home to 9.91% immigrants, contributing to its cultural diversity. Renters make up 42.86% of the population, although there are no condominiums available, indicating a potential gap in the housing market. Educational attainment is notable, with 45.56% of residents holding a college or university degree. However, 30% of the population is not in the labor force, which may impact local economic dynamics. Overall, this community presents a blend of demographics that could appeal to various potential buyers and renters, from young professionals to families.