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RAJ SHARMA

 Sales Representative
Homelife/Miracle Realty Limited,Brokerage, Brokerage Independently owned and operated. 821 Bovaird Dr W, , Brampton, Ontario L7A1Z4 Cell: 905 598 8400Office: 905 598 8400Fax: 905 458 1220

$3,200,000
Available - For Sale
Listing ID: S11942424
Barrie, Ontario


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.
Price $3,200,000
Taxes: $28535.21
Tax Type: Annual
Occupancy by: Tenant
Province/State: Ontario
Legal Description: PT LT 62 S/S COLLIER ST PL 2 BARRIE AS I
Lot Size: 143.56 x 124.95 (Feet)
Directions/Cross Streets: Bayfield & Dunlop
Category: Apartment
Use: Apts-Over 20 Units
Building Percentage: Y
Total Area: 12000.00
Total Area Code:  Sq Ft
Retail Area: 4032
Retail Area Code: Sq Ft
Heat Type: Radiant
Central Air Conditioning: Part
Water: Municipal
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RAJ SHARMA
Sales Representative
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905 598 8400
Bus:
905 598 8400
Fax:
905 458 1220
 
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Barrie
Neighbourhood: City Centre
Style:
Lot Size: 143.56 x 124.95(Feet)
Approximate Age:
Tax: $28,535.21
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
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