$3,300,000
31 BAYFIELD STREET Barrie (city Centre), ON L4M3A6
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$3,300,000
Est. payment /mo
1,208 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,208 sqft
Price per Sqft $2,731
Subdivision City Centre
MLS® Listing ID S9039077
Originating Board Toronto Regional Real Estate Board
Property Description
**Price Reduced** Prime Investment Opportunity: Iconic Income-Producing Property at 31 Bayfield Street, Barrie, ON** Seize the chance to own a landmark building in the heart of one of Canada's fastest-growing cities. This iconic property at 31 Bayfield Street, Barrie, ON, offers a unique blend of historical charm and modern income potential, making it a standout addition to any investment portfolio.**Key Features:** - **Stable Commercial Tenant:** Benefit from a reliable commercial tenant operating a thriving business, ensuring consistent income. - **Prime Residential Units:** The property boasts 28 residential units, situated in one of the county's most expensive rental markets, ensuring high demand and occupancy rates.- **Robust Income Stream:** With a gross annual income exceeding $329,000, this property promises substantial returns.- Net Income $229,317.67 **Historical Significance:** Built in 1876, this building was the first hotel in the Barrie area and remains one of the oldest hotels still standing in Canada. Despite its rich history, it is not deemed a historic property, offering flexibility for future development.- **Vendor Take Back Financing:** Attractive vendor take back financing options available for qualified buyers, making this an even more enticing investment.This property combines an exceptional location, impressive cash flow, and significant future growth potential. Whether you're a seasoned investor or looking to make a strategic addition to your portfolio, 31 Bayfield Street is a prime opportunity. Invest in a property that stands at the crossroads of history and modernity, in a city poised for continued expansion. (id:24570)
Location
Province ON
Interior
Heating Radiant heat
Cooling Partially air conditioned
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
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Listed by IPRO REALTY LTD.
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