$740,000 - 162 Hanmer Street, Barrie
Multi-Family for Sale in Barrie
48 days on marketNeighbourhood: East Bayfield
- MLS Number
- S13530452
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 48
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RIGHT AT HOME REALTY
Discover an exceptional investment opportunity with this LEGAL DUPLEX, officially registered in 2021. This property offers a perfect blend of comfort and income potential, featuring a spacious main level with 3 bedrooms, an open concept kitchen flowing seamlessly into the living room, and convenient in-unit laundry. One bedroom boasts direct walkout access to the backyard. The basement apartment is equally impressive, offering 2 cozy bedrooms with large windows, separate laundry and a good size living and dining area complete with an electric fireplace. This duplex stands out with its 4 parking spots and a generous backyard space. Ideally located near the community center, Georgian Mall, and college, it's perfect for those seeking convenience and accessibility. Whether you're looking to live and rent or maximize your investment portfolio, this turnkey duplex in a prime location delivers on all fronts. Don't let this opportunity slip away schedule your viewing today and step into the world of profitable real estate investment!
Estimate your monthly payments for this property
Estimated Payment
$3,796.58/mo
Includes CMHC insurance ($20,646)
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 East Bayfield
East Bayfield 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 East Bayfield
- •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
East Bayfield 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.
162 Hanmer Street, Barrie
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1057/sqft, this property is priced in line with current Barrie market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 48 days on site, this property has exceeded the typical selling timeline for Barrie. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 East Bayfield
I know East Bayfield 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 $3,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.