31 Bayfield Street Barrie, Ontario L4M 3A6

$3,200,000

  • Property Type: Multi-family
  • Size: 12000 sqft
  • Transaction: For sale


LOADING

12000 sqft
Partially Air Conditioned Radiant Heat

$3,200,000

Own a piece of Barrie's vibrant downtown core with this exceptional investment opportunity! Located in the heart of downtown Barrie, 31 Bayfield Street presents a rare chance to acquire a well-established rooming house with a thriving Irish pub on the ground floor. This property offers a unique blend of stable income, significant cash flow, and long-term appreciation potential.This rooming house boasts 34 units and generates a robust net cash flow of $248,409.57 after expenses, providing immediate returns on your investment. The established Irish pub further enhances the property's income potential. This property provides essential housing in Barrie, addressing a critical need within the community. Investing here means contributing to the local economy and making a positive social impact. As rents continue to rise in Barrie's desirable downtown core, this property is poised for substantial appreciation in value. This is a legacy investment, capable of generating steady income for generations to come. Recognizing the unique financing considerations associated with rooming houses, the owner is offering vendor take-back financing of up to $1,000,000 in second position. This exceptional opportunity significantly eases the acquisition process and demonstrates the seller's confidence in the property's performance. Investment Highlights: Strong Cash Flow: The impressive net cash flow provides immediate returns and a solid foundation for future growth.Strategic Location: Downtown Barrie is a hub of activity, ensuring consistent demand for both residential and commercial spaces. Community Impact: This property plays a vital role in providing housing solutions within the community.This is not just an investment; it's an opportunity to secure a stable income stream, contribute to the community, and build long-term wealth. Don't miss out on this rare chance to own a prime piece of downtown Barrie. (id:53889)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number S11942424
Property Type Multi-family
Community Name City Centre

Building

CoolingType Partially Air Conditioned
HeatingType Radiant Heat
SizeInterior 12000 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 124 Ft ,11 In
SizeFrontage 143 Ft ,6 In
SizeIrregular 143.56 X 124.95 Ft
SizeTotalText 143.56 X 124.95 Ft
ZoningDescription C1-1
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    Listing Office: IPRO REALTY LTD.