103 Mulcaster Street is a legally registered duplex ideally situated in the heart of downtown Barrie, just steps from Kempenfelt Bay, restaurants, city services, parks, and schools. This exceptional property offers a rare opportunity for both homeowners and investors, featuring five bedrooms, two full bathrooms, four parking spaces, separate entrances for each unit, two separate hydro meters, and two hot water tanks (one owned and one rented). Unit 1, located on the main floor, has been fully renovated and has never been lived in since completion. It includes brand new appliances, all with applicable manufacturer warranties, providing a truly turnkey living space. Unit 2, situated on the second floor, is currently tenanted at a premium rental rate, generating immediate income from day one. Perfect for first-time home buyers, this property offers the opportunity to live in a beautifully updated main-floor unit while using the rental income from the upper unit to help offset mortgage payments and reduce overall ownership costs.