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$ 3,678,900
Est. payment | /mo
10,875 SqFt
$ 3,678,900
Est. payment | /mo
10,875 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 10,875 sqft
Price per Sqft $338
Subdivision City Centre
MLS Listing ID S12454766
Annual Tax Amount $20,000
Tax Year 2024
Property Sub-Type Investment
Property Description
Updated, purpose-built multiplex walking distance to the beautiful waterfront and Situated within Barrie's Urban Growth Centre making it ideally positioned for strong tenant demand. This well-maintained apartment building features 11 spacious two-bedroom units on a large lot with more than enough parking. Major bonus is the current locker area has potential to convert it to a 12th unit complete with a washroom rough-in. The exterior has been significantly upgraded with a gemstone finishing EIFS system. This boosts durability and visual appeal mimicking natural stone with a textured, mineral-rich surface. It acts like a thermal blanket for the building and stands up to harsh weather making it a smart, stylish choice for long-term performance. The balconies have also been significantly upgraded to this turn key investment gem. Five of the units are being rented below market rent so in time as tenants turnover, there is also significant upside in income opportunity. Residents enjoy easy access to transit and can walk to grocery stores, restaurants, and shopping. A solid investment in one of Barrie's desirable and fast-growing areas.
Location
Province ON
County Simcoe
Community City Centre
Area Simcoe
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 131.2
Lot Depth 170.0
Listed by CENTURY 21 B.J. ROTH REALTY LTD.
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