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$3.0M total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
98%
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)
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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.
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.
Confidential diligence documents for 170 BRADFORD STREET, Barrie (City Centre).
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.