$1,550,000Asking Price
151 Cumberland Street, Barrie, ON L4N 2P9
Allandale, Barrie
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. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
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. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- Bayview & Burton
- 3500-5000 Approximate Sq Feet
- No Ensuite Laundry
- Radiant
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $12,818 in 2025
- Possession: TBA
Details
- Brick Exterior
- No Fireplace
- 6 Kitchens
- MLS #S13112254
- ENGEL & VOLKERS TORONTO CITY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 6 4-Piece Bathrooms | |||
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Who lives here?
Allandale, Barrie is a north GTA neighbourhood notable for its singles, renters, university grads, education, law & public sector professionals, salespeople and tradespeople. Residents tend to be older with a significant number of adults aged 30 to 34, 30 to 34, 30 to 34 and 30 to 34 and seniors aged 65 to 74.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
52%
of residents are
single and loving it.
52% singles
Barrie (46%)Renters
50%
of residents
are renters.
50% renters
Barrie (30%)Education
26%
of residents are
university grads.
26% university grads
Barrie (23%)Income
Average Household Income
$88K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 19% |
| Trades | 13% |
| Government | 9% |
| Business | 6% |
| Management | 5% |
Immigrants
10%
of residents were
born outside of Canada.
10% immigrants
Barrie (13%)Birthplace - All
3.7% from UK
All-time
Birthplace - Recent
0.8% from UK
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| German | 1% |
| Polish | 1% |
| Italian | 1% |
| Spanish | 1% |
Religions
Religions
| Christian | 60% |
