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$2,588,888
Available - For Sale
Listing ID: S12251628
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.
Price $2,588,888
Taxes: $14,569
Tax Type: Annual
Occupancy by: Tenant
Address: 24 North Street North , Barrie, L4M 2R9, Simcoe
Postal Code: L4M 2R9
Province/State: Simcoe
Legal Description: PT LT 1 N/S NORTH ST PL13 AKA PL114 BARR
Directions/Cross Streets: NORTH ST/GORVE ST
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Category: Accommodation
Use: Other
Building Percentage: T
Total Area: 17,000
Total Area Code:  Square Feet
Approximatly Age: 31-50
Maintenance: 0
Heat Type: Baseboard
Central Air Conditioning: No
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CENTURY 21 B.J. ROTH REALTY LTD.

24 North Street North , Barrie, L4M 2R9, Simcoe

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Arash Salehrad
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(647)402-5949
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(905)508-9500
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At a Glance:
Type: Com - Investment
Area: Simcoe
Municipality: Barrie
Neighbourhood: Wellington
Style:
Lot Size: x 214.18(Feet)
Approximate Age: 31-50
Tax: $14,569
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949