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137 Vancouver Street, Barrie, ON L4M 4M5

6 beds · 3 baths · 3 kitchens · 12 rooms · 10 parking spaces · 2000-2500 sq ft · Triplex
$1,088,888
Property tax
$6,805 / year

3 Level Triplex on an Exceptional 330-Foot Deep Lot in Barrie's Popular East End! A rare opportunity to acquire a purpose-built triplex on an exceptionally large lot in Barrie's desirable east end. Located on Vancouver Street, this well-positioned investment property offers three self-contained apartments consisting of one-, two- and three-bedroom units, providing a strong foundation for both investors and owner-occupiers.The property sits on an impressive 52' x 330' lot, with approximately 180 feet of the property extending to a wider 56-foot frontage, creating valuable potential for generous private green spaces for each unit while still providing ample on-site parking. The property was originally comprised of two separate lots providing ample space for a possible garden suite or 2nd building.The approximately 3,060 sq. ft. all-brick building spans three levels and includes three storage sheds, common laundry, gas heating, separate hydro meters and individual hot water tanks. Tenants pay their own electricity and hot water, helping simplify operating costs for the owner.Significant rental upside exists, with current rents below market and an opportunity to increase income through effective management and future rent adjustments.An excellent opportunity for an investor seeking a solid multi-residential asset with income-growth potential-or for a first-time buyer looking to live in one unit while rental income from the other two apartments helps offset mortgage costs.Enjoy a well-established residential neighbourhood surrounded by attractive homes and close to Lake Simcoe's Kempenfelt Bay, parks, amenities and everything Barrie's east end has to offer. A unique combination of income potential, an exceptional lot and a desirable residential setting.

MLS number
S13681520
Type
Triplex
Status
Active
Bedrooms
6
Bathrooms
3
Postal code
L4M 4M5
Photos
46
26days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Eastview Secondary School
Simcoe County DSB
Secondary539 m7.7 / 10
77% met the standard · 2 of 6 measures
St Monicas Separate School
Simcoe Muskoka CDSB
Elementary414 m5.9 / 10
59% met the standard
Johnson Street Public School
Simcoe County DSB
Elementary443 m6.5 / 10
65% met the standard
Steele Street Public School
Simcoe County DSB
Elementary838 m5.9 / 10
59% met the standard
Sevenoaks AcademyElementary874 mNot reported
Codrington Public School
Simcoe County DSB
Elementary1.1 km9.4 / 10
94% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 501 people.

$110,000Median household income
72.5%Own their home
79.5%Detached houses
41.6Median age
9.7%Born outside Canada
40%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35431099 — the few blocks around this address, home to 501 people. It describes the area, not this property.

501Population
40.4Average age
2.6Household size
$138,000Average household income
$110,000Median household income
73%Own their home
28%Rent
0%Condominiums
10%Born outside Canada
40%University degree
$790,000Average home value
5%Low income
47%Not in the labour force
21%Never married
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9997%
$70,000 to $79,9992%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over38%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,99913%
$200,000 and over13%

Percentages are of the 275 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$217,778 · minimum here is $83,889
$4,821.36per month
Borrowed before insurance$871,110
Total borrowed$871,110
Interest over 25 years at 4.5%$575,297

If you rented it out

-$5,388.44per month out of pocket
Rent$0.00
Everything it costs to hold$5,388.44
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.