All photos · 42
151 Cumberland Street, Barrie, ON L4N 2P9
$1,550,000
Beds
11
Baths
6
Type
Freehold
About this home
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.
Interior
- · None
Heating
- · Radiant
Cooling
- · None
Basement
- · Apartment
What it could cost monthly
Estimated monthly
$7,098
Principal & interest, per month
- Mortgage amount
- $1,240,000
- Down payment
- $310,000
- Total interest paid
- $889,404
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
ENGEL & VOLKERS TORONTO CITY
Each office independently owned and operated.