31 Bayfield Street Barrie, Ontario L4M 3A6
$3,200,000
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. (id:24801)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | S11942424 |
| Property Type | Multi-family |
| Community Name | City Centre |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Type | Radiant Heat |
| Size Interior | 12,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 124 Ft ,11 In |
| Size Frontage | 143 Ft ,6 In |
| Size Irregular | 143.56 X 124.95 Ft |
| Size Total Text | 143.56 X 124.95 Ft |
| Zoning Description | C1-1 |
https://www.realtor.ca/real-estate/27846634/31-bayfield-street-barrie-city-centre-city-centre
Contact Us
Contact us for more information
Matthew Metzler
Broker
www.matthewmetzler.com
www.facebook.com/RealtySatisfied/
1396 Don Mills Rd #101 Bldg E
Toronto, Ontario M3B 0A7
(416) 364-4776
(416) 364-5546
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 27 2025 08:32:52
Toronto Real Estate Board
Ipro Realty Ltd.