An Investor looking to Purchase in Barrie has four different options when it comes to Residential real estate – Barrie Investing holds all four options in their portfolio & below is a breakdown to better understand what to expect.
Medium/High risk for problems dealing with multiple units & multiple tenants, but the pay back is very good cash flow ($1000-2000 per month) – Property manager will be required for additional fee.
Price Range $400,000 – $1,000,000+
Medium/High risk dealing with multiple students (typically 5-6 per home) – Can offer very good cash flow ($1000 per month) – Might require property manager for additional fee.
Price Range $275,000 – $400,000
Single Family w/ In-law Suite
Low/Medium risk dealing with two tenants – Can offer good cash flow ($500-1000 per month) – Might require property manager for additional fee.
Price Range $350,000 – $450,000
Single Family Rentals
Low risk dealing with only one tenant, but still offers a good return long term – Likely no cash flow, slowly build equity over time – Property manager not required.
Price Range $250,000 – $400,000