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)
Business
Business Type
Residential
Business Sub Type
Apartments
Property Details
MLS® Number
S12251647
Property Type
Multi-family
Community Name
Lakeshore
Parking Space Total
10
Building
Bathroom Total
9
Bedrooms Total
9
Cooling Type
None
Heating Type
Other
Size Interior
11,216 Ft2
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
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