$624,900 - 44 Parkside Drive, Barrie
Multi-Family for Sale in Barrie
136 days on marketNeighbourhood: Queen's Park
- MLS Number
- S12980330
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 136
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- REVEL REALTY INC.
PRICED TO SELL - Registered Duplex with RM2 Zoning & Development Potential Welcome to 44 Parkside Dr, Barrie-a beautifully updated century home that blends modern finishes with timeless character. This registered duplex offers a spacious main-floor 2-bedroom suite and a bright upper-level 1-bedroom suite, both extensively renovated and featuring separate laundry facilities, updated appliances, and stylish finishes throughout. Situated on a generous 66 x 132 ft lot with RM2 zoning, this property presents exceptional versatility and future potential. Investors can enjoy strong rental income, first-time buyers can offset mortgage costs by living in one unit and renting the other, and multi-generational families will appreciate the flexible living arrangements. Potential rental income is estimated at approximately $2,500/month for the lower unit and $1,800/month for the upper unit. The RM2 zoning may offer the opportunity for additional development potential, including the possibility of adding further residential units (buyer to complete their own due diligence with the City of Barrie).Extensively renovated in 2024, over $70k in updates include new kitchens, bathrooms, flooring, trim, doors, hardware, lighting, most appliances, and a complete interior repaint. Additional improvements include a new A/C (2024), hot water tank (2024), and furnace (2019).Ideally located across from Queens Park and close to schools, shopping, public transit, downtown amenities, and major commuter routes, this property offers both immediate value and long-term upside. A rare opportunity to own a turn-key, income-generating property in a convenient central Barrie location with vacant possession and immediate occupancy available.
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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 Queen's Park
Queen's Park 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 Queen's Park
- •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
Queen's Park 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.
44 Parkside Drive, 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
Competitive Pricing
At $417/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.
Negotiation Opportunity
At 136 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Queen's Park
I know Queen's Park 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 $2,604 (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.