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City Centre, Barrie
$624,900
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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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,800 |
| Lot Size | 36.01 ft x 132 ft |
| mls© Number | S13732462 |
| Listed By | FOREST 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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