31 Bayfield Street, Barrie | Image 1

31 Bayfield Street

Barrie, City Centre

  • Commercial

$3,300,000
For Sale

Added 4 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: C1-1

  • Age: No Data

  • Taxes: 27335.59

  • MLS®#: S9039077

  • Days on Site: 69 Days

  • Added: Jul 13, 2024 (4 months ago)

  • Updated:

  • Last Checked: 10 hours ago

  • Listed By: IPRO REALTY LTD.

**Price Reduced** Prime Investment Opportunity: Iconic Income-Producing Property at 31 Bayfield Street, Barrie, ON** Seize the chance to own a landmark building in the heart of one of Canada's fastest-growing cities. This iconic property at 31 Bayfield Street, Barrie, ON, offers a unique blend of historical charm and modern income potential, making it a standout addition to any investment portfolio.**Key Features:** - **Stable Commercial Tenant:** Benefit from a reliable commercial tenant operating a thriving business, ensuring consistent income. - **Prime Residential Units:** The property boasts 28 residential units, situated in one of the county's most expensive rental markets, ensuring high demand and occupancy rates.- **Robust Income Stream:** With a gross annual income exceeding $329,000, this property promises substantial returns.- Net Income $229,317.67 **Historical Significance:** Built in 1876, this building was the first hotel in the Barrie area and remains one of the oldest hotels still standing in Canada. Despite its rich history, it is not deemed a historic property, offering flexibility for future development.- **Vendor Take Back Financing:** Attractive vendor take back financing options available for qualified buyers, making this an even more enticing investment.This property combines an exceptional location, impressive cash flow, and significant future growth potential. Whether you're a seasoned investor or looking to make a strategic addition to your portfolio, 31 Bayfield Street is a prime opportunity. Invest in a property that stands at the crossroads of history and modernity, in a city poised for continued expansion.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Multi-Use

  • Net Income: 221246

  • Area: Barrie

  • Community: City Centre

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 62 S/S COLLIER ST PL 2 BARRIE AS IN RO541838; BARRIE

  • Taxes: $27,336

  • Expenses: Act

  • Operating Fees: 108724

  • Taxes Type: Annual

Land

  • Cross Street: Five Points Intersec

  • Municipality District: Barrie

  • Parcel Number: 588170050

  • Lot Depth: 124.95 Feet

  • Lot Frontage: 143.56 Feet

  • Zoning: C1-1

Commercial Specific

  • Retail Area: 4038

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 1208

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

  • Financial Statement: Y

  • Gross Income/Sales: 329970

Map of 31 Bayfield Street, Barrie
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