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$ 1,550,000
Est. payment /mo
New
151 Cumberland ST Barrie, ON L4N 2P9
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Allandale
MLS Listing ID S13112254
Style 2-Storey
Bedrooms 11
Annual Tax Amount $12,818
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Prime multifamily investment opportunity overlooking Kempenfelt Bay, just steps from the Allandale Waterfront GO Station and minutes toDowntown Barrie. This rare purpose-built 6-unit building offers a turnkey, low-maintenance asset ideal for long-term ownership, with good income and significant rental upside. Some rents below-market with excellent future upside with Tenant turnover. The property features consistent revenue streams from residential tenancies along with additional income from new on-site coin laundry facilities. Numerous recent capital improvements help minimize immediate CAPEX requirements for the incoming investor, and 12-month financials are available upon request. Generous lot with ample parking, this property is perfectly positioned in a high-demand rental area on a quiet cul-de-sac style street with low vacancy rates and consistent tenant demand.Residents enjoy walking access to Kempenfelt Bay, waterfront parks, Downtown Barrie shops and dining, plus convenient access to Highway400 for commuters.
Location
State ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Apartment
Kitchen 6
Interior
Interior Features None
Heating Yes
Cooling None
Fireplace No
Heat Source Other
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 67.78
Lot Depth 152.29
Total Parking Spaces 6
Building
Unit Features Greenbelt/Conservation,Lake/Pond,Public Transit
Foundation Concrete Block
Others
ParcelsYN No
Virtual Tour https://listings.wylieford.com/sites/rmoaogwk/unbranded
Listed by ENGEL & VOLKERS TORONTO CITY