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Investment signal

$760,000

39 DONALD STREET

Beds

Baths

Sqft

—

Year

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Location

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About this home

Excellent Investment Opportunity! Rare legal triplex offering three fully self-contained 2-bedroom units, each with separate entrances, delivering strong income potential and long-term rental appeal. All three units are currently fully leased, providing excellent rental income and immediate cash flow for investors.Well-maintained with numerous updates, including a newer stove in the main unit, self-contained laundry in the main unit, new self-contained laundry with new washer and gas dryer in the lower unit, and a new kitchen countertop and sink in the upper unit. Additional important upgrades include gas furnace, central air (2020), most windows replaced, and updated plumbing, plus separate supply improvements to each unit.The property features ample parking and a practical layout well suited to long-term tenancy. Ideally located in a convenient Barrie neighbourhood close to downtown amenities, transit, shopping, schools, parks, Highway, Dunlop exit 1.5 km and Lake Simcoe waterfront.Note: Interior photos were taken prior to current tenancies, when the units were vacant. All three units are tenanted. Minimum 48 hours' notice required for all showings. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: Queen's Park
Lot dimensions: 63.5 x 90 FT
Bedrooms: 4 above grade, 2 below grade
Parking: 6 total
Stories: 2
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $5,478 (2025)
Zoning: RM1
Photos: 38
MLS#: S13010520
Area: BARRIE_(QUEEN'S_PARK)

Features and systems

Parking

No Garage

Basement

Apartment in basementSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Foundation

Poured Concrete

Lot

In-Law Suite

Utilities

SewerElectricityCable

Negative cash flow ~$1,498/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.83%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,377

Financing

Down payment$152,000

Loan amount$608,000

Mortgage$3,730/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$348

Insurance$80

Maintenance$633

CapEx reserve$317

Vacancy loss$190

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Barrie (Queen's Park). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,730/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.