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Listed by Maven Commercial Real Estate, Brokerage.
405 Mapleview Drive W is a Detached, Bungalow-Raised and is currently for Sale @ $999,000. Taxes in 2020 were $3,970.00.
Currently Tenanted As Single Family. The Bungalow-Raised on 405 Mapleview Drive W has 3 bedrooms, 2 bathrooms, and is located on a 192.00 x 60.00 ft loton < .50 acres in the community of Holly . Opportunity To Convert To Two Separate Residential Units: 3-Bdrm Main Level Unit & 2-Bdrm Lower Level Unit. Both Levels Already Have Kitchen, Bathroom, Separate Entrances With Shared Laundry Facility. Large Lot Has Garage Workshop Of Over 800Sf W/Heat & Hydro. Running Water & 3-Pc Bathroom Soon To Be Installed. Workshop Is Separately Tenanted At Great Rate & Tenant Willing To Stay!
Value Add Opportunity To Build A Garden Suite In Place Of The Shed For Increased Income, Which Is Permitted By The City Of Barrie. Currently A 3.69% Cap Rate With Proforma Cap Rate Of 6.02%.
The address 405 Mapleview Drive W was listed for sale (MLS# S5271412) on Friday, June 11, 2021.