81 Innisfil Street

Barrie, ON

40562172

for sale
$1,299,000

Bedrooms
11
Bathrooms
6

ATTENTION INVESTORS! 5-PLEX IN IDEAL LOCATION WITH EXCELLENT INCOME POTENTIAL!

Excellent Investment Opportunity 5-Plex
Close To The Go Station & On A Bus Route
Walking Distance To Pubs, Downtown & Waterfront
Easy Highway 400 Access
Separately Metered Units
Coin Laundry In The Basement With Plenty Of Storage & Room To Add Individual Lockers For Each Unit
Lots Of Parking For Tenants
Property Taxes (2023): $8898.00
Schools
Innisdale S.S./St. Peter's Catholic S.S.
Hillcrest-Barrie P.S./St. John Vianney C.S.

Welcome to your next incredible investment opportunity – a magnificent 5-plex that promises to elevate your real estate portfolio. 

Located in a prime spot, this property offers a winning combination of convenience, versatility, and potential for financial prosperity. Nestled just a stone’s throw away from the Go Station and conveniently situated on a bus route, this 5-plex boasts an enviable location that will have your future tenants rejoicing in the ease of their daily commute. What’s more, you’ll be within walking distance of charming pubs, the vibrant downtown core, and the serene waterfront – a trifecta of urban charm and scenic beauty.

This property offers easy access to Highway 400, making it a breeze for tenants to commute to the city or explore the surrounding areas. The allure of this property is not just in the units themselves but in the doors it opens to countless opportunities.

Unit 1 – The Main House:

Upon entering, you’ll be greeted by the alluring charm of a classic brick facade. Unit 1 is a spacious, 3-bedroom home that spans two floors, embodying the cozy allure of a bungalow-style layout. Equipped with a gas furnace and air conditioning, comfort is assured. Additionally, this unit boasts its own laundry facilities. (owned by the current tenant) There is also a large covered porch area and cozy, private side yard area for BBQing and lounging. The unfinished basement has a remarkable amount of storage space. 

Unit 6 – Bonus Space: 

An office/bachelor-style space is currently unrented and not legal as a separate dwelling, providing a fascinating connection to the adjacent 4plex. This space even comes with its own bathroom and fully closed-in porch area, presenting an array of possibilities for the imaginative investor.

Units A,B,C & D:

Moving on to the remaining units, you’ll find four identical 2-bedroom apartments that offer an excellent balance of space and comfort. These units are heated by electric heating, and the current tenants are responsible for their own hydro bills, streamlining your operational costs. Each unit has its own electrical sub-panels for hassle free breaker trips.

Heading down to the basement, you’ll discover a communal coin laundry facility, making laundry day hassle-free for all tenants. Conveniently equipped with separate meters and five hot water tanks. The basement also provides ample storage space, and there’s even room to consider adding individual lockers for each unit, enhancing the appeal of the property.

Finally, as you explore the exterior of this investment property, you’ll be pleased to find an abundance of parking spaces for your tenants. This invaluable feature ensures that parking will never be a source of stress or contention, elevating your renters’ overall quality of life.

This 5-plex is an opportunity to make your investment dreams come true. With its strategic location, well-designed units, and potential for additional income, it’s a canvas awaiting your creative touch. 

Invest in your future with this remarkable #HomeToStay.

#81InnisfilStreet

Property Details
Parking Total
6
Property Type
Residential
Building
Bathrooms
6
Bedrooms
11
Building Type
Multi-5 Unit
Cooling
Central Air
Heating Fuel
Gas
Heating
Baseboard
Forced Air
Stories
2
Land
Zoning
RM2
Walk Score
Peggy Hill
Broker
RE/MAX Hallmark Peggy Hill Group Realty Brokerage

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Last Updated: 2024-04-29 20:41:38

Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence.