$719,900 - 3 Buchanan Street, Barrie
Multi-Family for Sale in Barrie
Neighbourhood: Grove East
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- MLS Number
- S13715208
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 27
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RE/MAX HALLMARK CHAY REALTY
Exceptional Legal Duplex In Barrie's Desirable Lower East End! Tucked Away On A Quiet Street, This All-Brick Home Has Been Extensively Renovated And Meticulously Maintained, Offering Approximately 2,430+ Sq Ft Of Finished Living Space. A Great Opportunity For Investors, Multi-Generational Families, Or Buyers Looking To Offset Their Mortgage With Rental Income. The Spacious Upper Unit Was Renovated In 2018 And Features 3 Generous Bedrooms, An Updated 4-Piece Bathroom With Stone Countertop & Tiled Shower & A Large Eat-In Kitchen With Granite Countertops, Updated Appliances, Plenty Of Cupboard & Counter Space, New Flooring & Updated Lighting. The Bright Living & Formal Dining Areas Lead To A Private Side-Yard Deck, Perfect For Outdoor Dining & Entertaining. The Fully Separate Lower 2-Bedroom Apartment Was Extensively Renovated In 2020 & Features Its Own Private Covered Walk-Up Entrance, A Modern Eat-In Kitchen, Updated Bathroom, Vinyl Flooring Throughout, Modern Trim & 5/8" Drywall. Large Windows Throughout The Lower Level Bring In Plenty Of Natural Light & Make The Space Feel Bright & Welcoming. Additional Updates Include New Roof (2020), New A/C (2018), New Covered Lower Entrance (2021), Updated Lighting & Extensive Renovations Throughout. Ample Parking With A Double-Wide Driveway. Ideally Located Just Minutes From Schools, Parks, Georgian College, RVH, Shopping And Public Transit. A Turnkey Legal Duplex In An Excellent East End Location!
Estimate your monthly payments for this property
Estimated Payment
$3,693.46/mo
Includes CMHC insurance ($20,085)
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 Grove East
Grove East 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 Grove East
- •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
Grove East 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 Buchanan 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 $654/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.
Market Position
At 27 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 Grove East
I know Grove East 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 $3,000 (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.