Welcome to 3 Peel Street, a unique and versatile property offering strong income potential in a sought-after downtown location. Situated on a spacious corner lot,this legal 4-plex also includes a detached in-law suite carriage house, offering a total of 5 self-contained units, all within walking distance to the library, farmers market,transit, and local amenities. The focal point is a red brick century home full of character, featuring distinctive gable details and timeless curb appeal. Inside,the property blends historic charm with functional living across multiple rental units. Unit 1, on the main floor, is a generous 3-bedroom suite with a separate powder room and a dedicated bath/shower room. Unit 2, in the detached carriage house, offers two bedrooms, a living room, kitchen, and a 4-piece bathroom, ideal for tenants seeking added privacy. Unit 3 is a 1- bedroom with new flooring and a refreshed 3-piece bathroom. Unit 4 is a spacious 1-bedroom with an eat-in kitchen,separate living room, full 4-piece bathroom, and fresh paint with new floors. Unit 5 features one bedroom, a galley-style kitchen, separate living room, and a 3-piece bath. Recent upgrades include electrical and plumbing inspections, a new pressure booster for the water system, and two new rental hot water heaters. The property offers parking for six vehicles and garage space for tenant storage. With three of the five units currently vacant, this is a prime opportunity to set new rental rates and maximize return.
Address
3 Peel Street
List Price
$1,099,000
MLS® Status
New
Expiration Date
2026-01-14
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Barrie
Sub-Area
Wellington
Region
Simcoe
Bedrooms
8
Bedrooms (Total)
8
Bathrooms
6
Floor Area
3500-5000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
116.86
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
92.41
Occupant Type
Tenant
Cross Street
Codrington Street and Peel
Approx. Age
100+ Years
MLS® Number
S12434721
Listing Brokerage
Royal LePage Locations North
Basement Area
Partial Basement, Unfinished
Postal Code
L4M 3K7
Posession Details
Flexible
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$6,282.30
Tax Year
2025
Interior Features
Accessory Apartment, In-Law Suite
Cable
Yes
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heating
Yes
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Wood , Brick
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
Yes
Garage Type
Detached
Kitchens Total
5
Kitchens Above Grade
5
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 21 W/S MULCASTER ST PL 78 BARRIE; PT LT 22 W/S MULCASTER ST PL 78 BARRIE; PT LT 30 E/S PEEL ST PL 78 BARRIE AS IN RO1101117; BARRIE
Waterfront
No
Sewer
Sewer