$599,900Asking Price
Great investment opportunity with this legal rooming house. This spacious 2,200 sq. ft. home features six bedrooms and is currently occupied by five tenants, with one room vacant, offering immediate income growth potential. Current rental income totals $3,006 per month. The property includes a two-car garage, a fully fenced backyard, and a finished basement of approximately 900 sq. ft., providing additional usable living space. The original living room and family room have been converted into bedrooms to maximize rental potential, while the original dining room now serves as a shared living area. Tenants also enjoy access to a shared eat-in kitchen. Operating costs are reasonable, with 2025 utility expenses totaling approximately $1,600 for hydro, $1,532 for gas, and $2,330 for water. This well-maintained legal rooming house offers strong cash-flow potential and is an excellent opportunity for investors seeking a turnkey income property with room for increased revenue through full occupancy.
Great investment opportunity with this legal rooming house. This spacious 2,200 sq. ft. home features six bedrooms and is currently occupied by five tenants, with one room vacant, offering immediate income growth potential. Current rental income totals $3,006 per month. The property includes a two-car garage, a fully fenced backyard, and a finished basement of approximately 900 sq. ft., providing additional usable living space. The original living room and family room have been converted into bedrooms to maximize rental potential, while the original dining room now serves as a shared living area. Tenants also enjoy access to a shared eat-in kitchen. Operating costs are reasonable, with 2025 utility expenses totaling approximately $1,600 for hydro, $1,532 for gas, and $2,330 for water. This well-maintained legal rooming house offers strong cash-flow potential and is an excellent opportunity for investors seeking a turnkey income property with room for increased revenue through full occupancy.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 18.04' x 11.15' | |
| 2 | Bathroom | Main | 2-PieceBath | |
| 1 2-Piece Bathroom on Main Floor | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
| 1 4-Piece Bathroom | ||||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
Grove East, Barrie is a north GTA neighbourhood notable for its singles, renters and salespeople. Residents tend to be younger with a significant number of youth aged 15 to 24 and adults aged 25 to 34.
Kids Per Family
1.2
kids per family
in the neighbourhood.
54%
of residents are
single and loving it.
54% singles
Barrie (46%)
33%
of residents
are renters.
33% renters
Barrie (30%)
22%
of residents are
university grads.
22% university grads
Barrie (23%)Average Household Income
$97K
is the average household
income in the neighbourhood.
Professions
| Sales | 20% |
| Trades | 10% |
| Government | 8% |
| Business | 8% |
| Management | 5% |
12%
of residents were
born outside of Canada.
12% immigrants
Barrie (13%)2.5% from UK
All-time
0.3% from Jamaica
Recent
Foreign Languages
| Mandarin | 2% |
| French | 2% |
| Punjabi | 1% |
| Spanish | 1% |
| Hindi | 1% |
Religions
| Christian | 62% |
| Muslim | 1% |