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$ 2,588,888
Est. payment /mo
Active
24 North ST N Barrie, ON L4M 2R9
6 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Wellington
MLS Listing ID S12251628
Annual Tax Amount $14,569
Tax Year 2025
Property Sub-Type Investment
Property Description
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
Location
Province ON
County Simcoe
Area Simcoe
Zoning RM2
Rooms
Kitchen 3
Interior
Cooling No
Inclusions 2 washers, 2 dryers, 42 mini fridges, hot water heater(s)security system of cameras and monitors currently used for surveillance if the subject property
Exterior
Utilities Available Yes
Lot Frontage 92.05
Lot Depth 214.18
Building
Building Age 31-50
Others
ParcelsYN No
Listed by CENTURY 21 B.J. ROTH REALTY LTD.