$725,000 - 3 Blue Mound Drive, Barrie
Multi-Family for Sale in Barrie
Popular ListingNeighbourhood: Wellington
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- MLS Number
- S13760458
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 14
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RE/MAX HALLMARK PEGGY HILL GROUP REALTY
LEGAL DUPLEX ON A SPACIOUS CORNER LOT WITH ESTABLISHED INCOME & FURTHER INVESTMENT POTENTIAL! There is something exciting about a property that gives you options, and this legal duplex offers plenty of them. Set on a spacious corner lot surrounded by mature trees and generous green space, this brick raised bungalow features two separate living spaces, with a 3-bedroom, 1-bathroom main-floor unit and a 2-bedroom, 1-bathroom basement apartment with a separate entrance, each with its own kitchen. Whether you're looking to create a comfortable home for extended family, generate rental income, or build an investment with room to grow, the flexible layout makes it easy to envision what comes next. Reliable tenants are currently in place in both units, providing established monthly income, while six parking spaces, including an oversized single car garage and four driveway spaces, add everyday convenience and flexibility. The generous lot may also offer potential for a future garden suite, subject to applicable requirements and approvals from the City of Barrie, giving buyers another opportunity to explore the property's possibilities over time. Located in Barrie's City Centre neighbourhood, this property puts downtown, shopping, schools, services, entertainment, restaurants, and everyday amenities within easy reach, offering the convenience of an established community while leaving plenty of room to shape the future. Whether your vision is rooted in family, investment, or simply having more options at your fingertips, this is a property that gives you the space and flexibility to make it your own.
Estimate your monthly payments for this property
Estimated Payment
$3,719.63/mo
Includes CMHC insurance ($20,228)
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 Wellington
Wellington 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 Wellington
- •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
Wellington 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.
3 Blue Mound Drive, 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 $659/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.
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 Wellington
I know Wellington 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 $3,021 (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.