48 Rose Street For Sale

Barrie, 400 North, L4M 2T2

$875,000

Description

Listed by RE/MAX HALLMARK CHAY REALTY.

Separate hydro meters for each unit: Common Area for Laundry room: Invest in Barrie: 4-Unit Income Property with Steady Cash Flow. Whether starting your real estate journey, expanding your investment portfolio, or looking for a property with rental income to help offset costs, this well-located 4-unit income property in Barrie provides the flexibility and potential you need. Located just minutes from Barrie's picturesque waterfront, this property is ideally situated near Allandale Station and offers easy access to Highway 400, parks, schools, public transit, and the Bayfield Street corridor with shopping and other essential amenities. Property Highlights: Prime Location: Centrally positioned with easy access to local amenities, public transit, and recreational spaces, this property is in high demand among tenants. Fully Rented: With all units currently leased, including two new tenants, you'll enjoy steady cash flow from day one. Income Potential: One of the upper-level 1-bedroom units was recently renovated, providing an opportunity to command higher rents and attract quality tenants. Separate Meters & Utilities Flexibility: Each unit has its own separate meter. Additional Income Opportunity: On-site laundry facilities could be converted into coin-operated machines, providing an extra source of revenue to help offset operating costs. Renovation Potential: Several units could benefit from updates, allowing for increased rental rates and enhanced property value. Accessibility: The property offers excellent access to Highway 400 and is within walking distance of public transit and a wide range of amenities. A solid, fully-rented investment opportunity with room for growth in Barrie's rental market.

4 fridges, 4 stoves, washer and dryer on mail level in common area

Location

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  • Address: 48 Rose Street
  • Neighborhood: 400 North
  • City: Barrie
  • State: Ontario
  • Postal Code: L4M 2T2

Property Details

  • Property ID: S12013850
  • Property Price: $875,000
  • Style: Fourplex, 2-Storey
  • Rooms: 17
  • Bedrooms: 4
  • Bath: 4
  • Parking Spaces: 8
  • A/C: Other
  • Basement: Part Bsmt, Sep Entrance
  • Central Vac.: N
  • Den: N
  • Elevator: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $4,597.00 (2024)
  • Acreage: .50-1.99 Acres
  • Lot: 135.04x65 (Feet)

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100