$849,999
29 PEEL STREET
Beds
4
Baths
4 full + 1 half
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Barrie (Codrington). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Rare opportunity to own a multi-unit investment property in a prime Barrie location, just steps to the waterfront and Georgian College. Set on a generously sized lot with no immediate neighbour to the right, this property backs onto a private, tree-lined ravine with nearby walking trails and a picturesque stream, offering a unique blend of privacy and urban convenience. Currently configured with four separate living areas (3 one-bedroom, 1 studio), the property offers strong income potential in a high-demand area. Financials attached. Recent updates include renovations to Unit 1 (kitchen, flooring, bathroom, dishwasher), new fridge (Unit 2), updated eavestroughs (2026), gutter guards at the front, and furnace (2021). Additional features include three separate hydro meters, three electrical panels, and two large hot water tanks. The unfinished basement offers further value-add potential with 8-foot ceilings, large above-grade windows, and partial framing already in place. Conveniently located minutes to Highway 400, downtown Barrie, and key amenities, making it an attractive option for both tenants and commuters. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- Codrington
- Lot dimensions
- 50 x 132.7 FT
- Bedrooms
- 4 above grade
- Parking
- 5 total
- Stories
- 2.5
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $6,635 (2025)
- Zoning
- RP, RM2
- Photos
- 36
- MLS#
- S13034188
- Area
- BARRIE_(CODRINGTON)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Utilities
Cash on cash
-6.64%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,240
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.