For Lease · Multifamily

1 - 14 TAMWORTH TERRACE, Barrie

1 - 14 TAMWORTH TERRACE, Barrie, ON L9J0W5

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

98%

About this property

2,100+ SQ FT SOUTH BARRIE HOME FOR LEASE WITH 4 BEDROOMS, A DOUBLE-CAR GARAGE & MODERN FINISHES! Some leases give you four walls and a set of keys. This one gives you the feeling of moving into a home you'll actually be proud to call yours. Tidy curb appeal is framed by double front doors and an attached double-car garage with inside entry, opening to over 2,100 square feet of well-finished living space. Nine-foot ceilings, hardwood floors and oversized windows with window coverings already installed carry through the main level, while the kitchen brings together white shaker cabinetry, quartz countertops, under-cabinet lighting, stainless steel appliances and a large island made for easy mornings. Four generous bedrooms are set on the second floor, including a primary suite with a walk-in closet and a 5-piece ensuite featuring a dual-sink vanity, soaker tub and separate glass shower. A second full bathroom and dedicated second-floor laundry keep the layout practical for busy households. Located in Barrie's growing south end, this family-friendly neighbourhood is minutes from Barrie South GO Station, schools, parks, shopping, grocery stores, public transit and Highway 400. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

61,525

Households

23,164

Median income

$103,500

Median age

32.6

Daytime population

101,613

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 1 - 14 TAMWORTH TERRACE, Barrie.

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.