$2,189,900Asking Price
Positioned directly across from the waterfront of Kempenfelt Bay and surrounded by high-density condo development, this quarter-acre multi-residential opportunity offers exceptional long-term upside in one of Barrie's most desirable growth corridors. The property comprises two income-producing buildings 1)an eight-plex, & 2)a detached rental home.Each suite is a 1-bedroom unit, providing a stable and highly rentable configuration. Most tenants are responsible for their own gas, hydro, water, and cable, ensuring streamlined operating expenses and predictable net income for the owner. With its prime location, flexible footprint, and proximity to the lakefront, transit, and urban intensification, this property just may represent a rare chance to secure a high-demand multi-residential asset with both immediate cash flow and compelling redevelopment potential.
Positioned directly across from the waterfront of Kempenfelt Bay and surrounded by high-density condo development, this quarter-acre multi-residential opportunity offers exceptional long-term upside in one of Barrie's most desirable growth corridors. The property comprises two income-producing buildings 1)an eight-plex, & 2)a detached rental home.Each suite is a 1-bedroom unit, providing a stable and highly rentable configuration. Most tenants are responsible for their own gas, hydro, water, and cable, ensuring streamlined operating expenses and predictable net income for the owner. With its prime location, flexible footprint, and proximity to the lakefront, transit, and urban intensification, this property just may represent a rare chance to secure a high-demand multi-residential asset with both immediate cash flow and compelling redevelopment potential.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 10 3-Piece Bathrooms | ||||
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Lakeshore, Barrie is a north GTA neighbourhood notable for its singles, renters, university grads and health professionals. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 34 and 25 to 34 and seniors aged 65 to 84.
Kids Per Family
0.7
kids per family
in the neighbourhood.
57%
of residents are
single and loving it.
57% singles
Barrie (46%)
77%
of residents
are renters.
77% renters
Barrie (30%)
30%
of residents are
university grads.
30% university grads
Barrie (23%)Average Household Income
$80K
is the average household
income in the neighbourhood.
Professions
| Sales | 16% |
| Trades | 9% |
| Government | 7% |
| Business | 6% |
| Health | 6% |
11%
of residents were
born outside of Canada.
11% immigrants
Barrie (13%)4.7% from UK
All-time
Foreign Languages
| French | 2% |
| German | 2% |
| Cantonese | 1% |
| Portuguese | 1% |
| Mandarin | 1% |
Religions
| Christian | 79% |
| Buddhist | 1% |