Description

Great opportunity for investors/builders. Own a fully tenanted multi-residential property in downtown Barrie, close to the waterfront and many other essential amenities, 5 minutes walk from GO station. Two buildings on the property, including main building that consists of 3 units (1 - 2 bedroom, 1 - 1 bedroom and a bachelor unit), and secondary building converted into additional residential unit with 2 bedrooms. Total rent is $4750/month. Landlord is responsible for all utilities (excluding internet) and snow clearing. New Official Plan adopted in May 2024 and new zoning to come into effect in September 2024 will allow up to 39 units to be built on this lot (buyer/buyer's agent to verify new zoning bylaws).