Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX. Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6. Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
4098 sq. ft. Square Feet
Total Area:
4,098 sq. ft.381 m2
Retail Area:
4098 sq. ft. Sq Ft
Lot Depth:
152'3½"46.4 m
Lot Frontage:
67'9"20.7 m
Lot Shape:
Irregular
Lot Details:
20.10 x
Bedrooms:
0
Water supply:
Municipal
Kitchens:
1
Rooms:
0
Zoning:
RM1
Heating type:
Radiant
Garage:
None
Possession Details:
TBA
Lot Irregularities:
171.07 ft West x 67.92 ft Rear
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$12,818 /
2025
Assessment:
$- /
-
Simcoe
Barrie
Allandale
5 Fridges, 5 Stoves, 1 Coin-Washer, 1 Coin-Dryer, 2 Owned Water Heaters. Tenant's pay their own hydro.
Fridge & Stove in Unit #2 (Tenant-owned). Tenants' belongings
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