Tony Tompson
Sales Representative
Century 21 Example Inc., Brokerage
Independently owned and operated.
7163 Yonge Street, Suite #206, Thornhill, Ontario L3T 0C6
Cell: 1-866-382-2968Office: 416-548-7854Fax: 416-981-7184
$3,300,000
Available - For Sale
Listing ID: S9039077
31 Bayfield St , Barrie, L4M 3A6, Ontario
| **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. |
| Price | $3,300,000 |
| Taxes: | $27335.59 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 31 Bayfield St , Barrie, L4M 3A6, Ontario |
| Postal Code: | L4M 3A6 |
| Province/State: | Ontario |
| Legal Description: | PT LT 62 S/S COLLIER ST PL 2 BARRIE AS I |
| Lot Size: | 143.56 x 124.95 (Feet) |
| Directions/Cross Streets: | Five Points Intersection |
| Category: | Multi-Use |
| Building Percentage: | Y |
| Total Area: | 1208.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 4038 |
| Retail Area Code: | Sq Ft |
| Financial Statement: | Y |
| Gross Income/Sales: | $329970 |
| Operating Expenses: | $108724 |
| Net Income Before Debt: | $221246 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Y |
| Heat Type: | Radiant |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| IPRO REALTY LTD. |
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Dir:
1-866-382-2968
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | City Centre |
| Lot Size: | 143.56 x 124.95(Feet) |
| Tax: | $27,335.59 |
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