9 Penetang Street, Barrie, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Codrington. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $699,500 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.
- 5 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 65.25 x 128 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: On Demand Water Heater, Sump Pump
- equipped with none, window unit(s) central cooling and highly efficient forced air heating via gas
Description
Income-producing legal triplex situated on an approximately 66 ft x 132 ft RM2-zoned lot in one of Barrie's most historic neighbourhoods. This substantial circa-1888 red-brick property offers approximately 3,050 sq. ft. of living space comprised of two spacious 2-bedroom units and one large 1-bedroom unit, making it an excellent addition to an investment portfolio. Significant renovations and updates were completed in 2013 while preserving the property's character and charm. Located on historic Court House Hill and once home to former Barrie Alderman Edward Tyrer, this unique property offers investors the rare opportunity to own an income-producing asset with historical significance and long-term potential.
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Pricing & Value Insights
Data-driven valuation for 9 Penetang Street, Barrie, ON L4M 1V5
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About Purchasing a Home in Barrie, ON
For a property listed at $699,500 in Barrie, the legal minimum down payment is $44,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $10,465 for this transaction. As this listing is in Barrie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,465.
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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.