$1,389,000

71-73 Mary Street

Barrie ON, L4N 1T2

Description

Multi-family Income property located in Downtown Barrie offers several opportunities! One side of the building is a 3 storey, 3 unit residential property, with two one-bedroom apartments, and one studio apartment. The other side is currently laid out with a ground floor renovated 1,100SF office, with the 2 floors above it set up as a 5 bdrm apartment. Although the property is zoned C2-1, it has been continuously used as residential from the beginning, so you have the flexibility to finish off the one side to be 3 separate apartments, bringing the total units to 6, or change the use on one or both sides to commercial if thats what you need. See floorplans for details. Asking price represents a 4.87% cap rate.

Details

MLS#40025308
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site27

Features

SQ Feet5,156
Units5
Building(s)1
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Area Information
ProvinceON
CountySimcoe County
CityBarrie
Postal CodeL4N 1T2
AreaBarrie
Listing VS Median (in L4N 1T2)
Price:
$1,389,000
low | high
Med:
$1,389,000
50% of Average
SqFt:
5,156
low | high
Med:
2,578
100% of Average
$ / SqFt:
$269
low | high
Med:
$135
100% of Average
On Site:
27
low | high
Med:
26
100% of Average
Listing Updated: 10/28/2020
Stephanie Maye LogoMLS Number: 40025308
Listing Provided By:
Stephanie Maye  of  Maven Commercial Real Estate Brokerage
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