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Listed 16 days ago

86 Victoria Street

400 North, Barrie

$699,900

Detached|1 1/2 Storey
3 | 2 | 4
About this home

Location Location! Fantastic investment opportunity for a first time home owner or investor looking for a recently renovated legal registered 2 unit dwelling. 3 blocks from waterfront. Registered Legal Duplex in 2021 ... 3 up 2 down. Great responsible tenants both would love to stay. This upper 3 bedroom unit is very well maintained. Boasts a bright open concept dining room living room with bay window and ample natural light plus a main floor master with sliding doors to backyard private patio area. The kitchen has a lot of cupboards and counter space plus man door leading to private patio backyard area fantastic to entertain guests and watch your children play. There is a 3 piece modern bathroom as well. The lower unit is a 2 bedroom with full bathroom, laundry, galley kitchen overlooking living room. Both units have own laundry and separate entrances and are non smoking. Here's an opportunity to own a piece of downtown located conveniently by Dunlop street core and HWY 400 for easy commute. SOLID INCOME!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,712
Lot Size45 ft x 122 ft
mls© NumberS13858458
Listed ByRE/MAX CROSSTOWN REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,582
Property tax
$309
Heat allowance
$150
Housing costs
$4,042 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $139,980
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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