24 North Street N, Barrie, ON L4M 2R9
Barrie, ON, L4M 2R9 · Wellington
About this property
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
Features & Amenities
- Garage: None
- Cooling: Other
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick, Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bathrooms | 6 |
| Basement | None |
| Garage | None |
| Parking Spaces | 18 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Other |
| Sewer | Sewer |
| Annual Tax | $14,569 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Vinyl Siding
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- None
- Approximate Age
- 31-50
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Other
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 18
- Parking Total
- 18.00
- Parking Features
- Other
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 214.18
- Lot Width
- 92.05
- Lot Irregularities
- 96.8x214.18x92.05x41.05x1.84x172.88 ft
Financial & Tax
- Tax Annual Amount
- $14,569
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 52
- Kitchens Above Grade
- 2
- Kitchens Total
- 3
- Bedrooms Above Grade
- 0
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Simcoe
- Cross Street
- NORTH ST/GROVE ST E
- Directions
- North on Bayfiled St turn riht on Grove St E and left on North St
- Special Designation
- Unknown
- Showing Requirements
- Showing System, List Salesperson
Location
24 North Street N, Barrie, ON L4M 2R9, Barrie, ON, L4M 2R9