1/23359-363 DUCKWORTH STREET, Barrie (Grove East)
359-363 DUCKWORTH STREET, Barrie (Grove East), ON L4M3X8
$12.3M total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
98%
Lot Size
1.187 ac
About this property
Rare student housing investment opportunity in Barrie, offering immediate cash flow. This offering includes two well-maintained, purpose-built apartment buildings located just seconds from Highway 400 and approximately 300 metres from Georgian College's main campus, with convenient access to all major amenities. Situated on just over one acre, the property comprises a total of 32 units, 144 beds, and 50 parking spaces. The buildings feature a mix of four- and five-bedroom suites, each equipped with its own kitchen, furnace, and in-suite laundry. Showings by appointment only. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$57K
Projected NOI
$626K
Annual cash flow
$-59K
Cash-on-cash
-1.58%
DSCR
0.91
Going-in cap
5.07%
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
108,557
Households
41,307
Median income
$103,500
Median age
32.7
Daytime population
163,926
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 359-363 DUCKWORTH STREET, Barrie (Grove East).
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.