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400 North, Barrie
$699,900
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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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,712 |
| Lot Size | 45 ft x 122 ft |
| mls© Number | S13858458 |
| Listed By | RE/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.
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 checkInvestment Analysis
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