$729,900 - 118 Marshall Street, Barrie
Multi-Family for Sale in Barrie
New — Listed 2 days agoNeighbourhood: Allandale Heights
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- MLS Number
- S13862140
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Taxes (2026)
- $5,092
- Listing Brokerage
- CENTURY 21 B.J. ROTH REALTY LTD.
ALLANDALE HEIGHTS COMPLETELY RENOVATED VACANT LEGAL DUPLEX WITH TWO SEPARATE YARDS! This modern home offers a fully legal second suite registered in 2020! As a duplex it presents exceptional flexibility for buyers seeking mortgage-offset income, improved TDS ratios for financing, multi-generational living, or a strong investment property in a high-demand neighbourhood. The home sits on a 50' lot with deck & shed and is completely turnkey, offering detailed finishes throughout. The main level features a bright three-bedroom layout with a spacious living room, dedicated dining area, an updated kitchen, an ultra-modern four-piece bath, and its own separate laundry. Large windows and clean contemporary finishes create an inviting space that feels fresh and move-in ready. The lower level is a registered legal apartment offering two bedrooms, a full second kitchen, a generous living room, full bath and private laundry. This suite also enjoys its own yard, giving both units independence and privacy rarely found in duplex properties.With five total bedrooms, two full baths, two kitchens, two laundries, and two separate yards, the property provides outstanding versatility for comfortable living and income potential. Park in the attached garage or the large drive with four additional spaces. (total of 5 car parking) Located in the heart of Allandale, the home is close to parks, schools, shopping, transit, and Barrie's waterfront. The property is vacant, making it easy to show and allowing for a quick closing. With no tenants, buyers can move forward without complications or delays.
Estimate your monthly payments for this property
Estimated Payment
$3,744.77/mo
Includes CMHC insurance ($20,364)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Allandale Heights
Allandale Heights is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Allandale Heights
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Allandale Heights offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
118 Marshall Street, Barrie
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $664/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Barrie's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Barrie.
About Allandale Heights
I know Allandale Heights well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,041 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.