Overview
- Updated On:
- February 21, 2023
- 1,450 ft2
Description
Excellent investment opportunity! Legal 4-plex, (1-2 bedroom unit, 3-1 bedroom units) on large lot located in the heart of Barrie. Only minutes to the waterfront & beach, downtown, GO station, shopping, dining, Queen’s Park, MacLaren Art Centre, Library etc. Well maintained & updated, purpose built multi unit building with lots of paved parking & solid brick construction. Great opportunity to invest in Barrie’s desirable “Lakeshore” district which is going through a major rejuvenation with thousands of new condos planned for the area. Large 66 x 132 ft lot with possibility to build additional units or perhaps a secondary dwelling/garden suite?? (Buyer is to satisfy himself with the City of Barrie and/or other Governmental authorities as to any future use.) Rarely a vacancy with current annual income of $65,058.96. (plus some laundry income…coin operated washer & dryer not owned) Taxes – $5,860, insurance -$2,680. snow & lawn – $2,125, repairs & paint, appliances repairs etc. – $2,051, water -$1210., hydro -$1733., gas -$1236. Please note one Realtor is a shareholder of the Seller Corporation. Please do NOT go directly to the property and disturb the Tenants. One party is excluded from this Listing Agreement.
- Principal and Interest
- Property Tax
- HOA fee
