Positioned directly across from the waterfront of Kempenfelt Bay and surrounded by high-density condo development, this quarter-acre multi-residential opportunity offers exceptional long-term upside in one of Barrie's most desirable growth corridors. The property comprises two income-producing buildings 1)an eight-plex, & 2)a detached rental home.Each suite is a 1-bedroom unit, providing a stable and highly rentable configuration. Most tenants are responsible for their own gas, hydro, water, and cable, ensuring streamlined operating expenses and predictable net income for the owner. With its prime location, flexible footprint, and proximity to the lakefront, transit, and urban intensification, this property just may represent a rare chance to secure a high-demand multi-residential asset with both immediate cash flow and compelling redevelopment potential. (id:61215)
Property Details
MLS® Number
S12253457
Property Type
Multi-family
Community Name
Lakeshore
Parking Space Total
10
Building
Bathroom Total
10
Bedrooms Above Ground
10
Bedrooms Total
10
Appliances
Stove, Refrigerator
Basement Development
Unfinished
Basement Type
Full (unfinished)
Foundation Type
Unknown
Heating Fuel
Natural Gas
Stories Total
2
Size Interior
3,500 - 5,000 Ft2
Type
Other
Utility Water
Municipal Water
Parking
No Garage
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
200 Ft
Size Frontage
55 Ft
Size Irregular
55 X 200 Ft ; 200.25 Ft X 51.67 Ft X 61.14 Ft X 198.00
Size Total Text
55 X 200 Ft ; 200.25 Ft X 51.67 Ft X 61.14 Ft X 198.00|under 1/2 Acre