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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,550,000
Available - For Sale
Listing ID: S13112254
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. 12-month financials available upon request. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Price $1,550,000
Taxes: $12,818
Occupancy by: Tenant
Address: 151 Cumberland Street , Barrie, L4N 2P9, Simcoe
Directions/Cross Streets: Bayview & Burton
Rooms: 24
Bedrooms: 11
Bedrooms +: 0
Washrooms: 6
Family Room: F
Basement: Apartment
No. of Pieces Level
Washroom 1 4
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 4
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 6
Pool: None
Approximatly Square Footage: 3500-5000
Property Features: Greenbelt/Co
Lake/Pond
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Total Payment $ $ $ $
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ENGEL & VOLKERS TORONTO CITY

151 Cumberland Street , Barrie, L4N 2P9, Simcoe

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Simcoe
Municipality: Barrie
Neighbourhood: Allandale
Style: 2-Storey
Lot Size: x 152.29(Feet)
Approximate Age:
Tax: $12,818
Maintenance Fee: $0
Beds: 11
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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