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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 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. 12-month financials available upon request. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
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