24 North Street N Barrie, Ontario L4M 2R9

$2,588,888

This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location. (id:61215)

Property Details

MLS® Number	S12251612
Property Type	Multi-family
Community Name	Wellington
Parking Space Total	18

Building

Bathroom Total	6
Age	31 To 50 Years
Appliances	Dryer, Alarm System, Water Heater, Two Washers, Refrigerator
Basement Type	None
Exterior Finish	Brick, Vinyl Siding
Foundation Type	Concrete
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	5,000 - 100,000 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	214 Ft ,2 In
Size Frontage	92 Ft ,1 In
Size Irregular	92.1 X 214.2 Ft ; 96.8x214.18x92.05x41.05x1.84x172.88 Ft
Size Total Text	92.1 X 214.2 Ft ; 96.8x214.18x92.05x41.05x1.84x172.88 Ft|under 1/2 Acre
Zoning Description	Rm2

https://www.realtor.ca/real-estate/28534771/24-north-street-n-barrie-wellington-wellington