3 Peel Street, Barrie, ON L4M 3K7
$1,099,000
$1,099,000

3 Peel Street

Wellington, Barrie, Simcoe $1,099,000

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8 Beds
6 Baths
3500-5000 sqft
Detached Garage
Parking for 6
East Facing
MLS®#:
S13008160
Property Type:
Multiplex
Property Style:
2 1/2 Storey
Area:
Simcoe
Community:
Wellington
Taxes:
$6,282.3 / 2025
Added:
April 16 2026
Lot Frontage:
92.41
Lot Depth:
116.86
Status:
Active
Outside:
Wood ,Brick
Year Built:
100+
Basement:
Partial Basement,Unfinished
Brokerage:
Royal LePage Locations North
Lot :

116

92

Intersection:
Codrington Street and Peel
Rooms:
Bedrooms:
8
Bathrooms:
6
Fireplace:
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Radiant
Heating Fuel:
Kitchen 3.61 x 3.99m

Main Level
Living Room 4.23 x 4.67m

Main Level
Bedroom 3.26 x 2.38m

Main Level
Bedroom 2.78 x 3.98m

Main Level
Bedroom 2.46 x 4.03m

Main Level
Kitchen 4.75 x 2.26m

Main Level
Living Room 5.04 x 6.11m

Main Level
Bedroom 4.25 x 2.96m

Main Level
Bedroom 2.65 x 3.95m

Main Level
Kitchen 3.1 x 3.79m

Second Level
Dining Room 1.92 x 3.79m

Second Level
Living Room 3.08 x 3.7m

Second Level
Bedroom 2.26 x 3.49m

Second Level
Kitchen 4.36 x 2.49m

Second Level
Living Room 4.99 x 4.62m

Second Level
Bedroom 2.95 x 3.74m

Second Level
Kitchen 2.76 x 3.68m

Third Level
Living Room 4.1 x 3.96m

Third Level
Bedroom 2.77 x 3.64m

Third Level

Listing Details

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 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 multiple vehicles and detached garage space for tenant storage. 4 out of the 5 units are currently tenanted.

Fridge x 5, Stove x 5, Washer x 1, Dryer x 1

Insights

  1. Strong Income Potential: This property is a legal 4-plex with an additional detached in-law suite, providing a total of 5 self-contained rental units. With 4 out of 5 units currently tenanted, it offers immediate cash flow opportunities for investors.
  2. Prime Downtown Location: Located in the sought-after Wellington community of Barrie, the property is within walking distance to local amenities, including the library, farmers market, and public transit, enhancing its appeal to potential tenants.
  3. Character and Upgrades: The property features a charming red brick century home with distinctive architectural details. Recent upgrades to electrical and plumbing systems, along with new rental hot water heaters, ensure the property is well-maintained and ready for occupancy.

Sale/Lease History of 3 Peel Street

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Neighborhood Overview

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Wellington home prices

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Insights for 3 Peel Street

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)