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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$769,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
THE KIND OF PROPERTY THAT OPENS DOORS IN MORE WAYS THAN ONE: LEGAL DUPLEX WITH TWO PRIVATE & WELL-CARED-FOR LIVING SPACES! Live in one, rent the other, or keep it all to yourself. This legal duplex built in 2003 located at 30 Hewitt Place is ideal for investors, multi-generational families, or first-time buyers looking to have tenants help with the mortgage, offering flexibility and long-term investment appeal in Barrie's east-end neighbourhood. Set at the end of a quiet cul-de-sac, it features an all-brick exterior, an interlock walkway, and a covered front porch that add to its welcoming curb appeal. The 47 x 117 ft lot includes a fully fenced backyard, a deck for outdoor relaxation, and parking for six, including an attached two-car garage. The main level feels bright and open with neutral tones, easy-care flooring, and thoughtful finishes that show pride of ownership. The primary bedroom offers a walkout to the back deck, a walk-in closet, and a private ensuite with a corner soaker tub and stand-up shower. The lower-level apartment is finished with the same attention to detail, complete with its own entrance, an updated kitchen with timeless cabinetry, stainless steel appliances, and a breakfast bar with seating for four, along with a generous living area, two sun-filled bedrooms, and a modern full bathroom. Each unit has its own laundry, keeping everyday routines separate and simple. Located close to Georgian College, Royal Victoria Regional Health Centre, parks, schools, public transit, Highway 400, and daily essentials. Don't miss your chance to own a property that truly works for you, offering exceptional flexibility and strong income potential in one of Barrie's most convenient locations. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Hewitt
Postal Code
L4M7B3
Location Highlights
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Listed by
RE/MAX HALLMARK PEGGY HILL GROUP REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$769,900
Asking Price
$769,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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