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New4 days ago

89 Toronto Street

City Centre, Barrie

$624,900

Detached|1 1/2 Storey
3 | 3 | 6
About this home

Great Investment Opportunity In Historical Downtown Barrie and located directly across from Queens Park. Thisprime location with Mixed-Use Investment, Zoned Commercial C2-1 (Variety Of Uses) offers a highly visiblestreet-facing commercial space and two separate residential suites with private parking at rear of building. The mainfloor features a commercial space with excellent street exposure, suitable for a variety of professional, retail andservice-related uses. At the rear portion of the property, you will find 2-residential suites with two separateentrances, a self-contained 1-bedroom & a 2-bedroom, both providing additional flexibility for rental income, owneroccupancy or a live/work configuration.The property also features a fenced patio, green space, and ample rear parking for tenants, customers and clientsalong with street parking. Vacant possession provides an excellent opportunity to renovate, reposition, occupy orlease the property to suit your requirements. Property is being sold Under Power of Sale on an As-Is, Where-Is basiswithout warranties or representations with HST in addition to the sale price. Cross Listed.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$8,800
Lot Size36.01 ft x 132 ft
mls© NumberS13732462
Listed ByFOREST HILL REAL ESTATE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,199
Property tax
$733
Heat allowance
$150
Housing costs
$4,082 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $124,980
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,630 / mo
Cash down
$124,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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