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$639,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
89%
ONE HOME, TWO SEPARATE LIVING SPACES & MORE WAYS TO MAKE HOMEOWNERSHIP WORK! Set in Historic Allandale on a large corner lot beneath towering pines, this vacant legal duplex offers investors, first-time buyers and multigenerational households two fully self-contained living spaces, whether the plan is to live in one and rent the other, lease both, or keep family close while maintaining separate households. The main-floor apartment features two bedrooms, a 4-piece bath and a spacious living room with large windows, pot lights and updated flooring. The kitchen pairs white cabinetry with stainless steel appliances, a breakfast peninsula and separate pantry, with a walkout to a 19 x 16 ft deck and backyard. This unit also has its own laundry, air conditioning and access to the partially finished basement, where large windows and a spacious recreation room offer potential to add another bedroom and bathroom. The completely separate second-floor apartment includes two bedrooms, a 3-piece bath, living room, kitchen with pantry and full-size appliances, two linen closets and its own laundry. Separate hydro meters make managing the two residences easier, while some updated windows, newer shingles and a newer furnace take several larger updates off the list. Outside, the driveway accommodates six vehicles with room for an RV, trailer or boat, and an 8 x 10 ft garden shed adds useful storage. Blair Park is just steps away, while Barrie's waterfront, Allandale Waterfront GO Station, Highway 400, shopping, schools, recreation and public transit are all nearby. (id:66811)
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Monthly debt service
$3K
Projected NOI
$22K
Annual cash flow
$-13K
Cash-on-cash
-6.98%
DSCR
0.62
Going-in cap
3.45%
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.
Trade area within 3 miles of the property.
Population
135,931
Households
60,264
Median income
$65,000
Median age
40
Daytime population
145,522
5-yr growth
0.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 19 ALFRED STREET, Barrie (Allandale).
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.