Exclusive Off-market Investment Opportunity Barrie (Legal Multi-family
$1,499,900
Gursimar Anand
Very responsive to messages
Listing Details
Subtype: Multiplex
Year built: 1972
Typical floor size (sq. ft.): 2050
Zoning: RM2
Parking spaces: 6
Floors: 2
Lot Size: 9,048.48 Sq Ft
Financial Details
Net operating income: $89,709.28
Cap rate: 6%
Description
This Purpose-Built Legal Fourplex has an Additional Fifth basement unit. Financial Info & Additional Documents Here: https://drive.google.com/drive/folders/1iP_kwqrIVJ7JsRLN9ubgw7Iy54e0cY1A?usp=drive_link Property Highlights: Lot Size: 125.36 ft x 72.18 ft (Corner Property) Listed Price: $1,499,900 Unit Mix: Five Identical 2-Bed, 1-Bath Units with recent updates and modern finishes Hydro: Separately Metred (4 units) with ESA certificate/inspection passed (July 29, 2020) Updated: Common Areas Storage: Private Storage Lockers for Each Unit Roof: Recently Updated Installed in 2018 Hot Water Tank: Two rented electric hot water tanks Ample Parking: 5-6 Parking spaces Prime Location: Walking distance to downtown, waterfront, and stunning Lake Simcoe views Zoning: RM2 Upside Potential: Zoning permits for up 4 Storeys and close proximity to several future high density development sites Inclusions: 5X Fridge | 5X Stove | All ELF | Rental Items: 2X Hot Water Tanks This is a fantastic income-generating property at 6% Cap with significant rental growth and future development potential. Ideal for an Investor looking for a Turnkey Multi-unit Investment! Please let me know if you’d like additional details or to schedule property tour. Feel free to reach me at or
Location & nearby
This listing is located in Barrie, ON L4N 1S4
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Gursimar Anand
Very responsive to messages
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