151 Cumberland Street, Barrie, ON L4N 2P9 (Bayview & Burton)

Price : $1,550,000.00 , MLS®# : S13112254

Description

Prime multifamily investment opportunity overlooking Kempenfelt Bay, just steps from the Allandale Waterfront GO Station and minutes toDowntown Barrie. This rare purpose-built 6-unit building offers a turnkey, low-maintenance asset ideal for long-term ownership, with good income and significant rental upside. Some rents below-market with excellent future upside with Tenant turnover. The property features consistent revenue streams from residential tenancies along with additional income from new on-site coin laundry facilities. Numerous recent capital improvements help minimize immediate CAPEX requirements for the incoming investor, and 12-month financials are available upon request. Generous lot with ample parking, this property is perfectly positioned in a high-demand rental area on a quiet cul-de-sac style street with low vacancy rates and consistent tenant demand.Residents enjoy walking access to Kempenfelt Bay, waterfront parks, Downtown Barrie shops and dining, plus convenient access to Highway400 for commuters.

Location Description

Bayview & Burton

Property Details
  • Community: Allandale
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 11
  • Bath: 6
  • Garages: None
  • Annual Property Taxes : $ 12818
Building Features
  • Foundation Type: Concrete Block
  • Counstruction Material : Brick
  • Total Parking Space : 6
  • Parking Type : None
Building Features
  • Heating : RadiantOther
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 67.78 sq.ft
  • Land Depth: 152.29sq.ft
  • Square Footage : 171.07 ft West x 67.92 ft Rear

Listing Contracted With: ENGEL & VOLKERS TORONTO CITY