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. (id:56069)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | S11942424 |
| Property Type | Multi-family |
| Community Name | City Centre |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Radiant Heat |
| Size Interior | 12,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 124 Ft ,11 In |
| Size Frontage | 143 Ft ,6 In |
| Size Irregular | 143.56 X 124.95 Ft |
| Size Total Text | 143.56 X 124.95 Ft |
| Zoning Description | C1-1 |
4 public & 4 Catholic schools serve this home. Of these, 8 have catchments. There are 2 private schools nearby.
5 tennis courts, 3 trails and 7 other facilities are within a 20 min walk of this home.
Street transit stop less than a 2 min walk away. Rail transit stop less than 2 km away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/27846634/31-bayfield-street-barrie-city-centre-city-centre
Contact us for more information
Matthew Metzler
Broker
(416) 364-4776
(416) 364-5546
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