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You cant get any closer to campus literally steps through the back gate! This well-maintained 6-bedroom, 2-bathroom home (3+3 layout) with a separate basement entrance is a rare opportunity for investors or large families seeking space, flexibility, and income potential. The upper level is currently leased, generating immediate rental income. When fully rented, the property delivers a positive cash flow of approximately $1,400/month, making it a strong performer in any portfolio. The home fully complies with fire code, ESA, HVAC, zoning, and property standards, including BLR certification (Boarding, Lodging & Rooming House). A fire-suppression system in the HVAC room and upgraded 400-AMP electrical service offer added safety and infrastructure for high-occupancy use. Rooming house potential and duplex capability make this property ideal for maximizing rental yield. Major recent upgrades include: Brand-new kitchen (2025) New roof with waterproofing New washer/dryer and fridge The spacious, flexible layout spans two levels with a private basement entrance perfect for extended family, tenants, or a legal secondary suite. A large pie-shaped backyard offers ample space for kids, pets, or future improvements. Located just minutes from Georgian College, Royal Victoria Hospital, Hwy 400, transit, and everyday essentials this is a turnkey, cash-flowing investment in one of Barrie's most desirable and high-demand locations.
Fridge, Stove, Dishwasher, Washer, Dryer, All Electrical Light Fixtures.
City: Barrie
Neighborhood: Grove East
Purchase Price | $678000 |
Down Payment | $135600 |
Mortgage Insurance | $0 |
Total Mortgage | $542400 |
Mortgage Payment | $3342 |
Property Taxes | $387 |
Maintenance Fees | $0 |
Monthly Payment | $3729 |
Sold Comparables homes near 71 College Cres, Barrie
Located at 71 College Cres , this Barrie house is available for sale. This property was listed for $678,000 on Mon Aug 11 2025. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Kitchen, Dining, Living, Br, Br, Br, Rec, Br, 2nd Br, 3rd Br, Laundry, Bathroom, Bathroom. This property comes with 3 parking spots. 71 College Cres, Barrie is situated in the Grove East neighbourhood.
MLS#: S12337892 · $678,000 · 3 bedroom house in Grove East, Barrie