3 Peel Street, Barrie, ON

$1,099,000
MLS#:S13008160
8 beds
6 baths
3500-5000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] multiplex located in the coveted neighborhood of Wellington. Expertly crafted featuring premium wood and brick construction, this residence presents an exceptional opportunity offered at $1,099,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 8 Bedrooms and 6 Bathrooms with 5 functional kitchens
  • Generous living space spanning 3500-5000 sqft on a premium 92.41 x 116.86 ft lot
  • Features a ["partial basement", "unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Accessory Apartment, In-Law Suite
  • equipped with ["none"] central cooling and highly efficient radiant heating via gas

Welcome to 3 Peel Street, a unique and versatile property offering strong income potential in a sought-after downtown location. Situated on a spacious corner lot,this legal 4-plex also includes a detached in-law suite carriage house, offering a total of 5 self-contained units, all within walking distance to the library, farmers market, transit, and local amenities. The focal point is a red brick century home full of character, featuring distinctive gable details and timeless curb appeal. Inside,the property blends historic charm with functional living across multiple rental units. Unit 1, on the main floor, is a 3-bedroom suite with a separate powder room and a dedicated bath/shower room. Unit 2, in the detached carriage house, offers two bedrooms, a living room, kitchen, and a 4-piece bathroom, ideal for tenants seeking added privacy. Unit 3 is a 1- bedroom with new flooring and a refreshed 3-piece bathroom. Unit 4 is a spacious 1-bedroom with an eat-in kitchen, separate living room, full 4-piece bathroom, and fresh paint with new floors. Unit 5 features one bedroom, a galley-style kitchen, separate living room, and a 3-piece bath. Recent upgrades include electrical and plumbing inspections, a new pressure booster for the water system, and two new rental hot water heaters. The property offers parking for multiple vehicles and detached garage space for tenant storage. 4 out of the 5 units are currently tenanted.

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Key Features

Bedrooms
8
Bathrooms
6
Kitchens
5
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date4/16/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionWood , Brick
Lot Size92.41 × 116.86 Feet
CountySimcoe
Annual Tax$6,282.3
Legal DescriptionPT LT 21 W/S MULCASTER ST PL 78 BARRIE; PT LT 22 W/S MULCASTER ST PL 78 BARRIE; PT LT 30 E/S PEEL ST PL 78 BARRIE AS IN RO1101117; BARRIE

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeRadiant
Cooling["None"]

Features

Property Features

Community Features

Location

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3 Peel Street, Barrie, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Wellington, Barrie.

Verified Local Data
Population212,856
Median Age40 Yrs
Ownership73% Owners
Avg Area List Price$659,822

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
28%
Other households
1%

Top Ethnic Origins

English26%
Scottish21%
Irish21%
Canadian17%

Local Schools Guide

Elementary Schools

Oakley Park
Public22, Barrie, Ontario, L4M 3R8
3.7
Maple Grove
Public242, Barrie, Ontario, L4M 2P9
5.9
Codrington
Public217, Barrie, Ontario, L4M 1S4
8.0
Cundles Heights
Public60 Cundles Road East, Barrie, Ontario, L4M 2Z7
4.1
Steele Street
Public36, Barrie, Ontario, L4M 2E7
4.0

Secondary Schools

Barrie North
Public110 Grove Street East, Barrie, Ontario, L4M 2P3
7.0
St. Joseph’s
Catholic243 Cundles Road East, Barrie, Ontario, L4M 6L1
5.5
Eastview
Public421 Grove Street East, Barrie, Ontario, L4M 5S1
7.0
Nouvelle-Alliance
Public249 Anne Street North, Barrie, Ontario, L4N 0B5
6.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied73%
Rented27%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 3 Peel Street, Barrie, ON L4M 3K7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$879,200
Monthly Mortgage$5,108
Property Tax (Est.)$524
Utilities & Maint.$350
Total Monthly Cost$5,982

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Barrie.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.