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Excellent investment opportunity! Legal 4-plex, (1-2 bedroom unit, 3-1 bedroom units) on large lot located in the heart of Barrie. Only minutes to the waterfront & beach, downtown, GO station, shopping, dining, Queen's Park, MacLaren Art Centre, Library etc. Well maintained & updated, purpose built multi unit building with lots of paved parking & solid brick construction. Great opportunity to invest in Barrie's desirable Lakeshore district which is going through a major rejuvenation with thousands of new condos planned for the area. Large 66 x 132 ft lot with possibility to build additional units or perhaps a secondary dwelling/garden suite?? (Buyer is to satisfy himself with the City of Barrie and/or other Governmental authorities as to any future use.) Rarely a vacancy with current annual income of $65,058.96. (plus scheduled increases and some laundry income...coin operated washer & dryer not owned) Taxes - $5,860, insurance -$2,680. snow & lawn - $2,125, repairs & paint, appliances repairs etc. - $2,051, water -$1210., hydro -$1733, gas -$1236. Please note one Realtor is a shareholder of the Seller Corporation. Please do NOT go directly to the property and disturb the Tenants. One party is excluded from this Listing Agreement. (id:10452)
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Property Details
| Property Type | Other |
|---|---|
| Square Feet | |
| Maintenance | N/A |
| Days On Our Website | 324 |
| Basement | Finished - Full (Finished) |
| Kitchens | |
| Lot Dimensions | under 1/2 acre |
| Pool | N/A |
| Area | Barrie |
| Air Conditioning | None |
| Heating | Natural gas - Other |
| Exterior | Brick, Other |
| Parking Spaces | 6 |
| Sewers | Municipal sewage system |
| Water | Municipal water |
Listing Office: Royal LePage First Contact Realty Brokerage
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