151 Cumberland Street, Barrie, ON L4N 2P9, Barrie, ON, L4N 2P9
MLS: S13112254 | Multiplex
$1,550,000
Property Description
Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX.Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6.Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. 12-month financials available upon request. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 11 (11 above)
- Bathrooms: 6
- Parking: 6.0 spaces
Costs
- Annual Taxes: $12,818.00 (2025)
Listing Provided by: ENGEL & VOLKERS TORONTO CITY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Apartment
Exterior & Construction
- Style: 2-Storey
- Roof: Asphalt Shingle
- Construction: Brick
- Foundation: Concrete Block
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: Rm1 Comm,Res
Community & Neighbourhood
- Neighbourhood: Allandale
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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151 Cumberland Street, Barrie, ON L4N 2P9, Barrie, ON, L4N 2P9