Attention all investors!! Incredible investment opportunity in a prime location in the heart of downtown Barrie. The area is booming with new development, resturants, and so much more! Building includes a Retail area on the main floor (comprised of 1,300 sf at street level, plus almost 1,000 sf of storage space in the basement), two apartments on the second floror (1 br which includes a built-in murphybed, washer/dryer & 2 br) and two apartments on the third floor (1 bachelor with built-in murphy-bed & 1 bd) with wonderful lakeviews and a beautiful 3rd floor deck. The entire building was renovated in 2016 (new plumbing, new electrical and new windows). Furnace replaced in 2020. New Roof in 2024, New Air Conditioner 2024. The property has a rear door access and backs onto city owned parking lots so there is no trouble finding parking. Ground floor also includes 700 sf of storage (accessed from the rear of the building ) and yields additional monthly rent of $500. Building is currently tenanted and generates a wonderful income! Tenants pay for their own utilities.
Part Lot 131, Plan 2 and Part Lot 132 on Plan 2, being Parts 1 and 2, on Plan 51R-13089. together firstly RO1256985; except together with secondly RO1256985
Occupancy
Own+Ten
Possession Date
TBD
Taxes (2023)
$14,961
Tax Type
Annual
Directions/Cross Streets
Dunlop St E/ Bayfield St
Neighbourhood
City Centre
Area
Simcoe
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
N
Lot
25.74 x 82.8 ft
Retail Area
1,300 ft2
Office/Apt Area
3,300 ft2
Total Area
5,300 ft2
Approximate Age
31-50
Air Conditioning
Part
Basement
Y
Garage Type
None
Heat Type
Elec Forced Air
Water Expense
$860
Insurance Expense
$6,536
Taxes Expense
$14,961
Year Expenses
$2,023
Expenses Actual/Estimated
Act
Area Influences
Public Transit, Rec Centre
Sprinklers
N
Utilities
Y
Water
Municipal
UFFI
No
Lot/Bldg/Unit Code
Lot
Zoning
Commercial/Residential
Seller Property Info Statement
N
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