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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Queen'S Park
MLS Listing ID S12923442
Annual Tax Amount $10,760
Tax Year 2025
Property Sub-Type Investment
Property Description
The offering presents the opportunity to acquire a 100 percent freehold interest in 74 High Street, Barrie, Ontario (the "Property" or the "Site"). The Property offers investors the rare opportunity to acquire a value-add multi-family character apartment building assets in the Allandale neighborhood. The Property consists of 20 apartment units with a stabilized net operating income of approximately $184,635 in Year One. The asset provides meaningful near-term revenue growth potential as current in-place rents trail market levels across the suite mix. The Property is also subject to an affordability agreement with the County of Simcoe, which includes a $532,000 Ministry loan and a 20-year affordability term. The asset entered its Phase-Out Period in 2023, during which vacant units may be re-leased at market rents, with full market reversion upon expiry of the agreement in 2028. 74 High Street Property Specific Details Lot Size: 12,001.75 ft Frontage: 67.92 ft Depth: 177.16 ft Taxes: $10760 (2025).
Location
Province ON
County Simcoe
Area Simcoe
Zoning RM2
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 66.3
Lot Depth 177.16
Others
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
Nearby Locations
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