$1,000,000
$1,099,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
SOLD DATE : 12/19/2024
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Allandale Centre
MLS Listing ID S9246606
Sold Date 12/19/24
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,353
Tax Year 2023
Property Sub-Type Triplex
Property 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).
Location
Province ON
County Simcoe
Community Allandale Centre
Area Simcoe
Rooms
Family Room Yes
Basement None, Unfinished
Kitchen 4
Interior
Interior Features Accessory Apartment, Other
Cooling Wall Unit(s)
Exterior
Parking Features Available, Private
Pool None
Roof Type Shingles
Lot Frontage 66.63
Lot Depth 215.0
Total Parking Spaces 8
Building
Foundation Concrete
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