571 Bayfield Street

Barrie, ON

MLS® 40261333

For sale
$12,000,000

Rare opportunity to own a fantastic portion of Barries Golden Mile. This building features high traffic exposure well covenanted tenants, excellent return on investment and present opportunity for further commercial and/or residential development on the site. Sitting on the entrance to Barrie this site is in a strategic growth area on an intensification corridor per the cities latest official plan. With approximately 4.5 CAP based on the stabilized NOI this property is perfect for anyone looking for a short or long term investment or re-development plan. The building was converted in 2020 from single user to multi tenant with approximately $1.3m in capital spent on maintenance, repairs and updates. Current first mortgage on the building with ideal interest rate is potentially assumable to those who qualify, details available. Confidentiality agreement required for further information is available upon request.
Property Details
Property Type
Commercial
Community Features
Rectangular
Airport
Ample Parking
High Traffic Area
Highway Access
Major Anchor
Major Highway
Public Parking
Public Transit
Shopping Nearby
Skiing
Visual Exposure
Building
Basement Type
None
Building Type
Building and Land
Cooling
Central Air
Construction Materials
Block
Metal/Steel Siding
Stone
Heating
Gas Forced Air Closed
Sewer
Sanitary & Storm
Stories
2
Electric
Three Phase
Water Source
Municipal-Metered
Building Amenities
High Speed Internet
Land
Lot Depth
783 ft
Lot Front
265.00 ft
Lot Size Area
4.733
Acres
2-4.99 Acres
Zoning
C4 - Commercial
HoodQ
Walk Score
Ed Lowe Limited Brokerage
Ed Lowe Limited Brokerage

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Listing ID: 129672961
Last Updated: 2022-05-25 20:51:25