277 Grove Street E

About This Property

A Rare Opportunity In Barrie's Evolving Rental Market, This Purpose-Built Multi-Unit Property Offers Strong Versatility For Both Investors And End Users. With The Upper Unit Of The Main House And The Garden Suite Being Delivered VACANT, Buyers Have The Immediate Ability To Set Market Rents On Two Units Or Occupy And Offset Living Costs. A Standout Feature Is The Garden Suite (2-Level, 1475 sq ft), As New Garden Suites With Basements Are No Longer Permitted In Barrie, Making This Configuration Increasingly Scarce. The Lower Level Includes A Legal Egress Window, Rough-Ins For A Kitchen And Laundry, And Existing Fire And Soundproofing, Offering Future Flexibility (Potential For A Fourth Unit). The Property Offers Six Legal Paved Parking Spaces (Four Front, Two Rear) And Fully Self-Contained Units, Each With Private Entrances And In-Suite Laundry. The Lower Unit Of The Main House And The Garden Suite Were Both Built Post-2018 And Are Not Subject To Rent-Control Guidelines. Each Unit Is Separately Metered For Hydro, With The Garden Suite Also Having Its Own Gas And Water Meters, Supporting Clean Expense Separation And Strong Investor Appeal. All Units Feature Modern Finishes Including Quartz Countertops, Updated Kitchens And Bathrooms, Luxury Vinyl Plank Flooring, And Appliances Less Than Four Years Old. Conveniently Located Near The Hospital, Highway 400, Schools, Shopping, And Transit, The Property Benefits From Strong Rental Demand And Long-Term Growth Fundamentals. Unit Breakdown: Unit A (Upper - 3 Bed / 1 Bath): Vacant On Closing; Currently Configured To Pay Its Own Hydro And 60% Of Main House Gas And Water. Unit B (Lower - 2 Bed / 1 Bath): Self-Contained, Separate Hydro, All-Inclusive Gas/Water (Currently Top Of Market Rent). Unit C (Garden Suite - 4 Bed / 2 Bath): Vacant On Closing; Fully Self-Contained With Separate Utilities. A Well-Positioned Income Property With Strong In-Place Infrastructure, Vacancy Flexibility, And Meaningful Upside.