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$ 1,550,000
Est. payment /mo
New
151 Cumberland ST Barrie, ON L4N 2P9
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Allandale
MLS Listing ID S13112254
Style 2-Storey
Bedrooms 11
Annual Tax Amount $12,818
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Simcoe
Area Simcoe
Zoning Rm1 Comm,Res
Rooms
Basement Apartment
Kitchen 6
Interior
Interior Features None
Cooling None
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
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Concrete Block
Others
Virtual Tour https://listings.wylieford.com/sites/rmoaogwk/unbranded
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