All photos · 26
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%.
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Listing brokerage
SUTTON GROUP INCENTIVE REALTY INC.
Each office independently owned and operated.