155 Penetang Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Barrie , located at 155 Penetang Street, Barrie. This legal duplex is nestled in the highly sought-after Codrington community, offering an ideal setting for investors or families seeking multi-generational living arrangements. The property boasts a solid bungalow design, constructed with durable vinyl siding and brick, ensuring both aesthetic appeal and longevity.

This Multi-Family Home for sale in Barrie features two fully self-contained units, each with separate entrances, providing privacy and independence for its occupants. The main level of the property is currently vacant and move-in ready, showcasing three spacious bedrooms and a well-appointed four-piece bathroom. The layout is bright and open, creating a welcoming atmosphere that is perfect for family living or entertaining guests. Recent updates have transformed this home, with a full remodel completed in 2022 that introduces a fresh, modern feel throughout.

The lower level of this exceptional property is a fully finished two-bedroom apartment, also featuring a separate entrance. This unit has been thoughtfully updated, with a new kitchen and bathroom installed in 2019, making it an attractive option for potential tenants. Currently, this apartment is occupied by a reliable tenant who wishes to remain, providing immediate rental income for the new owner. This is an excellent opportunity for anyone looking to invest in a Multi-Family Home for sale in Barrie.

In addition to its appealing living spaces, this property has seen several major updates that enhance its value. The roof shingles were replaced in 2015, ensuring protection from the elements, while the yard has been regraded and features a new deck, completed in 2023, perfect for outdoor relaxation and enjoyment. A new furnace is scheduled for installation in 2024, further enhancing the home’s efficiency and comfort.

The fully fenced backyard provides an oasis of privacy, ideal for outdoor gatherings or simply enjoying the fresh air. With a lot size of 52 x 128 feet, there is ample space for various outdoor activities. Although there is no swimming pool, the expansive yard offers plenty of room for children to play or for gardening enthusiasts to cultivate their green thumb.

Parking is a breeze with a private double driveway that accommodates up to three vehicles, ensuring that both units have easy access. It is worth noting that this Multi-Family Home for sale in Barrie does not include a garage, but the driveway provides sufficient space for residents and guests alike.

The property is serviced by municipal water and sewer, ensuring reliable utility access. While there is no central vacuum system or air conditioning, the forced air heating system provides warmth during the colder months. Additionally, the home is unfurnished, allowing new owners the freedom to personalise the space to their taste.

Located at 155 Penetang Street, Barrie, this Multi-Family Home for sale in Barrie is conveniently situated just steps from a bus stop, making public transport easily accessible. It is also mere minutes away from Georgian College, Royal Victoria Hospital, downtown Barrie, and the picturesque waterfront, enhancing its appeal for both tenants and owner-occupiers.

In conclusion, this property represents a fantastic addition to any investment portfolio or an ideal home for those seeking a mortgage helper. With its prime location, modern updates, and strong rental potential, the Multi-Family Home for sale in Barrie at 155 Penetang Street, Barrie, is an opportunity not to be missed. Act quickly to secure this exceptional property and enjoy all that it has to offer!

Codrington is a charming residential neighbourhood nestled within the city of Barrie, Ontario, offering a delightful blend of suburban tranquillity and urban convenience. Characterised by its tree-lined streets and well-maintained homes, the area boasts a strong sense of community spirit, with local parks and recreational facilities providing ample opportunities for outdoor activities. Its proximity to Barrie's vibrant downtown ensures easy access to a variety of shops, restaurants, and cultural attractions, while the stunning waterfront along Lake Simcoe is just a short drive away, perfect for leisurely strolls and water-based activities. With its welcoming atmosphere and family-friendly environment, Codrington presents an ideal setting for those seeking a peaceful yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. The closest option is Codrington Public School, just 0.4 km away, which offers elementary education from Junior Kindergarten to Grade 8 and boasts a commendable rating of 8.3. Another nearby elementary school is Oakley Park Public School, located 1.0 km from the property, providing French-language instruction for grades 1 to 8, though it has a lower rating of 4.8. For secondary education, Barrie North Collegiate Institute is situated 1.1 km away, offering both English and French programs for grades 9 to 12, with a solid rating of 7. Additionally, St. Marguerite D'Youville Catholic School, located 3.7 km from the property, serves students from JK to Grade 8 under the Catholic board, although it currently holds a rating of 0. Overall, the area provides a variety of educational options, ensuring that families have access to quality schooling within a short distance from home.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 543 residents, with an average household size of 2.3 individuals. The demographic is relatively mature, with an average age of 39.8 years. The average household income stands at $82,000, indicating a moderately affluent community, though 11.2% of the population is classified as low-income. The housing market reflects a median price of $600,000, and half of the residents are single. Families are present, with 32.26% of households having children. The community is diverse, with 6.31% of residents being immigrants, and a significant portion of the population, 35.42%, are renters. Notably, there are no condominiums in the area, suggesting a focus on single-family homes. Educational attainment is high, with 50% of the population holding a college or university degree. However, a considerable 36.17% of the residents are not participating in the labor force, which may impact local economic dynamics. Overall, this area presents a blend of family-oriented living, educational achievement, and a mix of ownership and rental opportunities, appealing to a variety of potential residents.