31 Bayfield Street, Barrie | Image 1

31 Bayfield Street

Barrie, City Centre

  • Commercial

$3,200,000
For Sale

Added 3 weeks ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.

  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: C1-1

  • Age: No Data

  • Taxes: 28535.21

  • MLS®#: S11942424

  • Added: Jan 27, 2025 (3 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: IPRO REALTY LTD.

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.

Property

  • Status: Sale

  • Type: Apts-Over 20 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Barrie

  • Community: City Centre

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

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

  • Taxes: $28,535

  • Taxes Type: Annual

Land

  • Cross Street: Bayfield & Dunlop

  • Municipality District: Barrie

  • Parcel Number: 588170050

  • Lot Depth: 124.95 Feet

  • Lot Frontage: 143.56 Feet

  • Zoning: C1-1

Commercial Specific

  • Retail Area: 4032

  • Retail Area Metric: Sq Ft

  • Total Area: 12000

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 31 Bayfield Street, Barrie
JK-8

St John Vianney Separate School

Elementary: Catholic
2.52 km
JK-8

Oakley Park Public School

Elementary: Public
1.10 km
JK-8

Codrington Public School

Elementary: Public
1.55 km
JK-8

Cundles Heights Public School

Elementary: Public
2.15 km
JK-8

Maple Grove Public School

Elementary: Public
2.03 km
JK-8

Hillcrest Public School

Elementary: Public
0.83 km
9-12

Barrie Campus

Secondary: Public
1.48 km
9-12

ÉSC Nouvelle-Alliance

Secondary: Catholic
2.15 km
9-12

Simcoe Alternative Secondary School

Secondary: Public
0.81 km
9-12

St Joseph's Separate School

Secondary: Catholic
2.65 km
9-12

Barrie North Collegiate Institute

Secondary: Public
1.21 km
9-12

Innisdale Secondary School

Secondary: Public
3.28 km
150 Essa Road, Barrie | MLS: S6711932
For Sale
1 year ago
$2,999,999
  • 0 bath
  • 0 bed

150 Essa Road, Barrie, Ontario • L4N 3L1 • Allandale

57-59 Collier Street, Barrie | MLS: S11880479
For Sale
2 months ago
$3,000,000
  • 0 bath
  • 0 bed

57-59 Collier Street, Barrie, Ontario • L4M 1G7 • City Centre

29-31 Bradford Street, Barrie | MLS: S11913184
For Sale
1 month ago
$2,600,000
  • 3 bath
  • 0 bed

29-31 Bradford Street, Barrie, Ontario • L4N 3A7 • City Centre

89 Collier Street, Barrie | MLS: S11945019
For Sale
3 weeks ago
$3,150,000
  • 0 bath
  • 0 bed

89 Collier Street, Barrie, Ontario • L4M 1H2 • City Centre