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Barrie,ON L4M 2T2
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision 400 North
MLS Listing ID S12013850
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,597
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Fourplex
Property Description
Separate hydro meters for each unit: Common Area for Laundry room: Invest in Barrie: 4-Unit Income Property with Steady Cash Flow. Whether starting your real estate journey, expanding your investment portfolio, or looking for a property with rental income to help offset costs, this well-located 4-unit income property in Barrie provides the flexibility and potential you need. Located just minutes from Barrie's picturesque waterfront, this property is ideally situated near Allandale Station and offers easy access to Highway 400, parks, schools, public transit, and the Bayfield Street corridor with shopping and other essential amenities. Property Highlights: Prime Location: Centrally positioned with easy access to local amenities, public transit, and recreational spaces, this property is in high demand among tenants. Fully Rented: With all units currently leased, including two new tenants, you'll enjoy steady cash flow from day one. Income Potential: One of the upper-level 1-bedroom units was recently renovated, providing an opportunity to command higher rents and attract quality tenants. Separate Meters & Utilities Flexibility: Each unit has its own separate meter. Additional Income Opportunity: On-site laundry facilities could be converted into coin-operated machines, providing an extra source of revenue to help offset operating costs. Renovation Potential: Several units could benefit from updates, allowing for increased rental rates and enhanced property value. Accessibility: The property offers excellent access to Highway 400 and is within walking distance of public transit and a wide range of amenities. A solid, fully-rented investment opportunity with room for growth in Barrie's rental market.
Location
Province ON
County Simcoe
Community 400 North
Area Simcoe
Rooms
Family Room No
Basement Partial Basement,Separate Entrance
Kitchen 4
Interior
Interior Features Water Heater,In-Law Suite
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch,Year Round Living
Pool None
Roof Type Asphalt Shingle
Lot Frontage 65.0
Lot Depth 135.04
Total Parking Spaces 8
Building
Foundation Block,Stone
Others
ParcelsYN No