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Est. payment | /mo
12,001 SqFt
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Est. payment | /mo
12,001 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,001 sqft
Subdivision Queen'S Park
MLS Listing ID S12923442
Annual Tax Amount $10,760
Tax Year 2025
Property Sub-Type Investment
Lot Depth 177.16
Lot Front 66.3
Property Description
The offering presents the opportunity to acquire a 100 percent freehold interest in 74 High Street, Barrie, Ontario (the "Property" or the "Site"). The Property offers investors the rare opportunity to acquire a value-add multi-family character apartment building assets in the Allandale neighborhood. The Property consists of 20 apartment units with a stabilized net operating income of approximately $184,635 in Year One. The asset provides meaningful near-term revenue growth potential as current in-place rents trail market levels across the suite mix. The Property is also subject to an affordability agreement with the County of Simcoe, which includes a $532,000 Ministry loan and a 20-year affordability term. The asset entered its Phase-Out Period in 2023, during which vacant units may be re-leased at market rents, with full market reversion upon expiry of the agreement in 2028. 74 High Street Property Specific Details Lot Size: 12,001.75 ft Frontage: 67.92 ft Depth: 177.16 ft Taxes: $10760 (2025).
Location
Province ON
County Simcoe
Area Simcoe
Zoning RM2
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 66.3
Lot Depth 177.16
Others
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
NEARBY SCHOOL & BUSINESS
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