151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
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$1,550,000
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151 Cumberland ST Barrie, ON L4N 2P9

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision Allandale

MLS Listing ID S13112248

Annual Tax Amount $12,818

Tax Year 2025

Property Sub-Type Investment

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

Province ON

County Simcoe

Area Simcoe

Rooms

Kitchen 1

Interior

Heating Yes

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 67.78

Lot Depth 152.29

Others

ParcelsYN No

Listed by ENGEL & VOLKERS TORONTO CITY

NEARBY SCHOOL & BUSINESS

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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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151 Cumberland ST

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