6 beds · 3 baths · 3499.9705 - 4999.958 sqft
Great investment opportunity in the Bustling Barrie Core in a prime location steps to the GO! This fully occupied property is perfect for investors, business owners and developers alike with its potential for future condo projects. This updated property is zoned for both commercial and residential use, offering various development possibilities and an excellent work-from-home location. Conveniently situated near downtown amenities, this property includes a 3,240 sq ft retail storefront and a 660 sq ft live-in loft apartment on the third floor. The loft apartment has two bedrooms, three skylights, and rents for $1,700+. The house provides 3,900 sq ft above ground, with a full basement and a 400 sq ft garage offering loads of storage. Parking is available for 17 cars, with 2 spaces out front. The property has seen many upgrades, including a new gas furnace in 2019, a new roof in 2018, and a Unilock front walkway in 2017. A very well-kept property, with a lucrative cap rate, current owner has been here for 28 years and open to continuing business while new tenants are brought in, providing extra income for any buyer. (id:39198)
Building Type House, Detached
Year built
Square Footage 3499.9705 - 4999.958 sqft
Stories 3
Bedrooms 6
Bathrooms 3
Parking 17
NeighbourhoodWellington
Land size 63.3 x 154.4 FT
Heating type Forced air
Basement typeN/A (Unfinished)
Parking Type Detached Garage
Time on REALTOR.ca3 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: RE/MAX WEST REALTY INC.
Home price
$1,299,900
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$11,824 / month
Rent $10,457
Savings $1,368
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$10,421 / month
Rent $10,137
Savings $285
Initial deposit 5%
Savings target Fixed at 5%