$3,200,000
Available - For Sale
Listing ID: S11942424
31 Bayfield St , Barrie, L4M 3A6, 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 |
| Address: | 31 Bayfield St , Barrie, L4M 3A6, Ontario |
| Postal Code: | L4M 3A6 |
| 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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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| IPRO REALTY LTD. |
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Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | City Centre |
| Lot Size: | 143.56 x 124.95(Feet) |
| Tax: | $28,535.21 |
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