All photos · 26

Codrington

166 Collier Street, Barrie, ON L4M 1H7

$1,249,500

Beds

5

Baths

4

Type

Freehold

About this home

Rare opportunity to own a money making 4-plex in an amazing area of Barrie. The property is fully tenanted, all tenants want to stay and love it here. The property runs smoothly with low maintenance fees. . The NET operating income is approximately $65,000 a year! That's over a 5.2% cap rate. All tenants are amazing and take care of the place. The location is sought after by tenants and this property has had no vacancies for over a decade. (Except when owner was renovating) All units have access to laundry. (One set is shared by 3 units, other unit has it's own). Property has just had a new roof done (June 2025) as well as some new eaves and down spouts. Potential to push back retaining wall at back and add even more value. Come have a look, you won't be disappointed. LA is owner.

Interior

  • · Water Softener

Heating

  • · Forced Air

Cooling

  • · Central Air

Parking

  • · Private Double

Basement

  • · Partial Basement
  • · Exposed Rock

What it could cost monthly

Estimated monthly

$5,722

Principal & interest, per month


Mortgage amount
$999,600
Down payment
$249,900
Total interest paid
$716,974

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing brokerage

SUTTON GROUP INCENTIVE REALTY INC.

Each office independently owned and operated.