31 Bayfield Street For Sale

Barrie, City Centre, L4M 3A6

$3,200,000

Description

Listed by IPRO REALTY LTD..

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.

Location

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  • Address: 31 Bayfield Street
  • Neighborhood: City Centre
  • City: Barrie
  • State: Ontario
  • Postal Code: L4M 3A6

Property Details

  • Property ID: S11942424
  • Property Price: $3,200,000
  • Style: Investment, Apartment
  • A/C: Part
  • Heating: Radiant
  • Taxes: $28,535.21 (2024)
  • Lot: 124.95x143.56 (Feet)

Property History

This property has been sold 14 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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