151 Cumberland Street, Barrie, ON L4N 2P9
Barrie, ON, L4N 2P9 · Allandale
About this property
Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX. Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6. Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Other
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 11 |
| Bathrooms | 6 |
| Basement | Apartment |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Radiant |
| Heat Source | Other |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $12,818 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Apartment
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Other
- Cooling
- None
- Heating
- Yes
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 152.29
- Lot Width
- 67.78
- Lot Irregularities
- 171.07 ft West x 67.92 ft Rear
Community & Neighborhood
- Property Features
- Greenbelt/Conservation, Lake/Pond, Public Transit
Financial & Tax
- Tax Annual Amount
- $12,818
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 24
- Rooms Total
- 0
- Kitchens Above Grade
- 6
- Kitchens Total
- 6
- Bedrooms Above Grade
- 11
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Simcoe
- Cross Street
- Bayview & Burton
- Directions
- Bayview & Burton
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
151 Cumberland Street, Barrie, ON L4N 2P9, Barrie, ON, L4N 2P9