Commercial $ 1,550,000

151 Cumberland ST

Barrie, ON L4N 2P9

  • - Year Built
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. 12-month financials available upon request. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Listed by ENGEL & VOLKERS TORONTO CITY

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Investment

    Listing Status Active

    Purchase Type For Sale

    Subdivision Allandale

    MLS Listing ID S13112248

    Annual Tax Amount $12,818

    Tax Year 2025

    Property Sub-Type Investment

  • Location

    Province ON

    County Simcoe

    Area Simcoe

    Zoning RM1

  • Rooms

    Kitchen 1

  • Building

    Lot Description Lot

  • Interior

    Cooling No

    Inclusions 5 Fridges, 5 Stoves, 1 Coin-Washer, 1 Coin-Dryer, 2 Owned Water Heaters. Tenant's pay their own hydro.

  • Exterior

    Parking Features None

    Utilities Available Yes

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