Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from basement tenants who are currently paying $1,870/month, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognising strong rental demand from Georgian College students on the transit route. The current combined rental income of $4,278/month speaks for itself. The upper unit tenants have provided notice, offering vacant possession of the main floor at the end of March, while the lower tenants have offered their notice for teh end of April. The property will then be fully vacant so you can choose your own Tenants - an ideal blend of flexibility and immediate cash flow. Both units have been professionally managed under a property management arrangement that can be seamlessly transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. (id:47421)
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Detailed Information
Bedrooms
3+2
Bathrooms
2
Lot
50 x 110 ft
Amenities Nearby
Hospital, Park, Public Transit, Schools
Community Features
Community Centre
Equipment
Water Heater
Features
Wooded area, Level, Sump Pump, In-Law Suite
Listing Contract Date
2026-03-03
Location Description
Cross Streets: Cundles / Bayfield St. ** Directions: Bayfield Street North to East on Cundles - Sign on lawn.
# of Parking Spaces
3
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Shed
Transaction Type
For sale
Zoning Description
R2
Building
Age
51 to 99 years
Appliances
Water Heater, Water meter, Dryer, Stove, Washer, Refrigerator
Architectural Style
Raised bungalow
Basement Development
Finished
Basement Features
Apartment in basement, Separate entrance
Basement Type
N/A, N/A, Full, N/A (Finished)
Cooling Type
Central air conditioning
Exterior Finish
Brick
Fire Protection
Smoke Detectors
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Kitchen
Basement
3.55 m x 4.5 m
Bedroom
Basement
3.1 m x 2.9 m
Bedroom
Basement
3.45 m x 3.1 m
Kitchen
Main level
4.38 m x 2.9 m
Dining room
Main level
2.88 m x 2.71 m
Living room
Main level
4.9 m x 3.6 m
Primary Bedroom
Main level
3.78 m x 3.03 m
Bedroom 2
Main level
2.7 m x 2.99 m
Bedroom 3
Main level
3.8 m x 2.7 m
Parking Spaces
Name
Spaces
Attached Garage
No Garage
Utilities
Type
Description
Cable
Available
Electricity
Installed
Sewer
Installed
Land
Total Size
50 x 110 FT | under 1/2 acre
Amenities
Hospital, Park, Public Transit, Schools
Sewer
Sanitary sewer
Size of Irregular Land
50 x 110 FT
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