New

Prime Multifamily Investment Near Kempenfelt Bay!

CA$1,550,000
  • 11 Rooms
  • 6 Bathrooms

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. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Features
Air-conditioningBasement
engel & völkers shop image

Engel & Völkers

Your advisor: ANDREW DI MATTEO, Salesperson

Property ID: AM-5519426

Property details
  • Object type

    Apartment house

  • Rooms

    11

  • Bathrooms

    6

  • Number of Floors

    2

  • Parking spaces

    6

Request all property details

Get more information about this property

I agree with the processing of my data for the purpose of searching for properties and being contacted by 13926907 Canada Inc.. If I provide my telephone number, I also consent to being contacted by telephone. My above data may be passed on to a suitable local license partner from the Engel & Völkers Group for the purpose of establishing contact.

You can find out in detail which data 13926907 Canada Inc. stores, what rights you have in this context, and how to revoke your consent for the future at any time in the privacy policy.

  • Receive full property details.

  • Get in touch with an advisor.

  • Confidential - data stays with E&V.

Nearby properties

These homes might interest you

Your shop

Engel & Völkers

engel & völkers shop image

Provider:

13926907 Canada Inc.

Privacy policy of content provider

License partner of Engel & Volkers Canada Inc.

wavy pattern