277 Grove Street

About This Property

Great 3-Unit (Potential For 4-Unit!) Investment Property With Very High Rental Income! Garden Suites With A Basement Are No Longer Permitted To Be Built In Barrie So This Property Is A Unicorn. Basement Of Garden Suite Has A Legal Egress Window And Is Roughed-In (Kitchen & Laundry Hook-Ups) For A Separate Unit (Including Fire & Soundproofing Insulation And Fire-Rated Drywall - See Photos) And Has A Separate Entrance That Could Easily Be Closed Off To Make It Exclusive. Property Has 6 Paved, Legal Parking Spaces (4/Front, 2/Back). Lower Unit Of Main House And Garden Suite Were Both Built After 2018, So They Are Not Subject To Rent-Control Guidelines. Each Unit Has Its Own Hydro Meter. Garden Suite Also Has Its Own Gas & Water Meters. Each Unit Has Its Own Private Entrance, Is Completely Self-Contained And Has Its Own Laundry Unit. All Units Have Newer Appliances (All Less Than 3 Years Old), Quartz Countertops, Modern Kitchens & Bathrooms, And Luxury Vinyl Plank Flooring Throughout. Close to Hospital, Highway, Schools, Shopping, Public Transport and More! Unit A (Upper: 3 Bed/1 Bath) Pays Own Hydro & 60% Gas & Water Of Main House. Unit B (Lower: 2 Bed/1 Bath) Pays Own Hydro & Is All-Inclusive Gas & Water. Unit C (Garden Suite: 4 Bed/2 Bath) Pays All Utilities & 33% Of Snow Removal.