31 Bayfield Street
City Centre
Simcoe
L4M 3A6
$3,200,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- S11942424
- Bus Major:
- Apts - Over 20 Units
- Photos (39)
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Own a piece of Barrie's vibrant downtown core with this exceptional investment opportunity! Located in the heart of downtown Barrie, 31 Bayfield Street presents a rare chance to acquire a well-established rooming house with a thriving Irish pub on the ground floor. This property offers a unique blend of stable income, significant cash flow, and long-term appreciation potential.This rooming house boasts 34 units and generates a robust net cash flow of $248,409.57 after expenses, providing immediate returns on your investment. The established Irish pub further enhances the property's income potential. This property provides essential housing in Barrie, addressing a critical need within the community. Investing here means contributing to the local economy and making a positive social impact. As rents continue to rise in Barrie's desirable downtown core, this property is poised for substantial appreciation in value. This is a legacy investment, capable of generating steady income for generations to come. Recognizing the unique financing considerations associated with rooming houses, the owner is offering vendor take-back financing of up to $1,000,000 in second position. This exceptional opportunity significantly eases the acquisition process and demonstrates the seller's confidence in the property's performance. Investment Highlights: Strong Cash Flow: The impressive net cash flow provides immediate returns and a solid foundation for future growth.Strategic Location: Downtown Barrie is a hub of activity, ensuring consistent demand for both residential and commercial spaces. Community Impact: This property plays a vital role in providing housing solutions within the community.This is not just an investment; it's an opportunity to secure a stable income stream, contribute to the community, and build long-term wealth. Don't miss out on this rare chance to own a prime piece of downtown Barrie.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 12000 sq. ft. Square Feet
- Total Area:
- 12,000 sq. ft.1,115 m2
- Retail Area:
- 4032 sq. ft. Sq Ft
- Depth:
- 124'11"38.1 m
- Frontage:
- 143'7"43.8 m
- Lot Shape:
- Pie
- Water supply:
- Municipal
- Zoning:
- C1-1
- Heating type:
- Radiant
- Garage:
- None
- HST Applicable To Sale Price:
- Yes
- Type Taxes:
- Annual
- Taxes:
- $28,535.21 / 2024
- Assessment:
- $- / -
- Barrie
- City Centre
- Simcoe
- Utilities:
- Yes
- Air Conditioning:
- Partial
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Property Management Company:
- Harbour Management
- Major Business Type:
- Apts - Over 20 Units
- Category:
- Apartment
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Listed by IPRO REALTY LTD.
Data was last updated May 4, 2025 at 03:15 AM (UTC)
- DAVID WEEKS
- CENTURY 21 B.J ROTH REALTY LTD
- 1 (705) 3218707
- Contact by Email
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