For Sale · Retail

428 DUNLOP STREET W, Barrie (400 North)

428 DUNLOP STREET W, Barrie (400 North), ON L4N1C2

$4.5M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

84%

About this property

Rare opportunity to acquire a fully operational Adult Entertainment and hospitality property in Barrie, including both the real estate and business assets. This established operation occupies approximately 7,000 square feet on a 0.952-acre site and offers significant redevelopment, expansion, or continued operating potential under flexible C4 zoning. The property features ample on-site parking for approximately 79 vehicles and is fully serviced with municipal water, sewer, and natural gas. Recent capital improvements include a new roof installed in August 2025 and new or recently serviced HVAC units. Power is 2 services, both 240v, 400 AMP, 3 Phase 4 Wire. Currently licensed for a total occupancy of 308 persons, including an outdoor patio accommodating up to 70 patrons, the property benefits from multiple business licenses in good standing, including Liquor Licence and Adult Entertainment Establishment (Class A), Recreational Establishment, and Restaurant/Tavern licenses. Permitted uses include: Adult Entertainment Parlour, Nightclub, Restaurant and Drive-Thru, Retail and Service Commercial Uses, Veterinary Clinic, Medical and Personal Service Offices, Child Care Facility, Assembly Hall, Fitness or Health Club, Car Wash, Automotive Service, Sales and Repair Establishment. All purchasers are responsible for conducting their own due diligence regarding the transferability and/or issuance of liquor and business licenses. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.50M
Down payment30% · $1.35M
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$21K

Projected NOI

$204K

Annual cash flow

$-46K

Cash-on-cash

-3.37%

DSCR

0.82

Going-in cap

4.53%

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

100,652

Households

40,151

Median income

$114,500

Median age

31.8

Daytime population

167,173

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for 428 DUNLOP STREET W, Barrie (400 North).

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.