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MLS® S13112248
Barrie, ON
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.
Inclusions
5 Fridges, 5 Stoves, 1 Coin-Washer, 1 Coin-Dryer, 2 Owned Water Heaters. Tenant's pay their own hydro.
Exclusions
Fridge & Stove in Unit #2 (Tenant-owned). Tenants' belongings
Broker
ENGEL & VOLKERS TORONTO CITY
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Investment
151 Cumberland Street Barrie
Barrie
Type
Investment
Parking
None
Property Tax
~$12,818/yr
Heating
Radiant
Buying Essentials
Square Feet
4098 sqft
Parking
None
Finances
List Price
$1,550,000
Price per SQFT
$378/sqft
Property Tax
~$12,818/yr
Property Specs
Property Type
Investment
MLS Size
4098 sqft
Living & Amenities
Heating Type
Radiant
Policies & Utilities
Neighbourhood
Barrie
Listed On
May 11, 2026
Days on Market
Current: 181 days
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