Business For Sale · Multifamily

170 BRADFORD STREET, Barrie (City Centre)

170 BRADFORD STREET, Barrie (City Centre), ON L4N3B5

$3.0M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

98%

About this property

Attention All Investors!!! A rare opportunity to acquire a fully renovated, stabilized investment property in one of Barrie's rapidly evolving downtown neighbourhoods. Unlike many income properties requiring significant capital investment or rent turnover, this asset has already undergone extensive improvements and is fully leased at market rents, offering immediate, reliable cash flow. Ideally situated just a two-minute walk from the waterfront, GO Train Station, and an abundance of downtown amenities, the property is well-positioned for long-term appreciation and strong tenant demand.The mixed-use building features eight residential apartments and two commercial units. One of the commercial spaces presents an excellent opportunity for an owner-occupier to operate their business on the ground floor while maintaining a convenient on-site presence to oversee the property. Each residential unit is equipped with its own wall-mounted heat pump for efficient heating and cooling, with baseboard heating as supplemental heat. All units are separately metered, with tenants responsible for their own hydro and water, helping to minimize operating expenses and simplify property management. An updated rent roll, current lease information, and additional documentations are available in the attachments for qualified buyers' review. Book your private showing today! (id:66811)

Financial sandbox

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Estimate
Purchase price$3.00M
Down payment30% · $900K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$113K

Annual cash flow

$-53K

Cash-on-cash

-5.88%

DSCR

0.68

Going-in cap

3.78%

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

64,351

Households

26,605

Median income

$100,500

Median age

32.5

Daytime population

92,603

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 170 BRADFORD STREET, Barrie (City Centre).

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.