For Sale · Multifamily

118 MARSHALL STREET, Barrie (Allandale Heights)

118 MARSHALL STREET, Barrie (Allandale Heights), ON L4N4L5

$674,900 total

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

92%

About this property

ALLANDALE HEIGHTS COMPLETELY RENOVATED VACANT LEGAL DUPLEX WITH TWO SEPARATE YARDS! This modern home offers a fully legal second suite registered in 2020! As a duplex it presents exceptional flexibility for buyers seeking mortgage-offset income, improved TDS ratios for financing, multi-generational living, or a strong investment property in a high-demand neighbourhood. The home sits on a 50' lot with deck & shed and is completely turnkey, offering detailed finishes throughout. The main level features a bright three-bedroom layout with a spacious living room, dedicated dining area, an updated kitchen, an ultra-modern four-piece bath, and its own separate laundry. Large windows and clean contemporary finishes create an inviting space that feels fresh and move-in ready. The lower level is a registered legal apartment offering two bedrooms, a full second kitchen, a generous living room, full bath and private laundry. This suite also enjoys its own yard, giving both units independence and privacy rarely found in duplex properties.With five total bedrooms, two full baths, two kitchens, two laundries, and two separate yards, the property provides outstanding versatility for comfortable living and income potential. Park in the attached garage or the large drive with four additional spaces. (total of 5 car parking) Located in the heart of Allandale, the home is close to parks, schools, shopping, transit, and Barrie's waterfront. The property is vacant, making it easy to show and allowing for a quick closing. With no tenants, buyers can move forward without complications or delays. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$675K
Down payment30% · $202K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$27K

Annual cash flow

$-11K

Cash-on-cash

-5.34%

DSCR

0.71

Going-in cap

3.94%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

55,538

Households

23,985

Median income

$133,500

Median age

39.2

Daytime population

83,049

5-yr growth

5.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 118 MARSHALL STREET, Barrie (Allandale Heights).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.