31 Bayfield St , Barrie, ON L4M
Barrie, ON L4M
Description
Own a piece of Barrie's vibrant downtown core with this exceptional investment opportunity! Located in the heart of downtown Barrie, 31 Bayfield Street presents a rare chance to acquire a well-established rooming house with a thriving Irish pub on the ground floor. This property offers a unique blend of stable income, significant cash flow, and long-term appreciation potential.This rooming house boasts 34 units and generates a robust net cash flow of $248,409.57 after expenses, providing immediate returns on your investment. The established Irish pub further enhances the property's income potential. This property provides essential housing in Barrie, addressing a critical need within the community. Investing here means contributing to the local economy and making a positive social impact. As rents continue to rise in Barrie's desirable downtown core, this property is poised for substantial appreciation in value. This is a legacy investment, capable of generating steady income for generations to come. Recognizing the unique financing considerations associated with rooming houses, the owner is offering vendor take-back financing of up to $1,000,000 in second position. This exceptional opportunity significantly eases the acquisition process and demonstrates the seller's confidence in the property's performance. Investment Highlights: Strong Cash Flow: The impressive net cash flow provides immediate returns and a solid foundation for future growth.Strategic Location: Downtown Barrie is a hub of activity, ensuring consistent demand for both residential and commercial spaces. Community Impact: This property plays a vital role in providing housing solutions within the community.This is not just an investment; it's an opportunity to secure a stable income stream, contribute to the community, and build long-term wealth. Don't miss out on this rare chance to own a prime piece of downtown Barrie.
Details
| MLS# | S11942424 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 57 |
| Listing Provided By | IPRO REALTY LTD. | Not Provided |
Features
| SQ Feet | 12,000 |
|---|---|
| Acreage | 0.28 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Barrie |
| Postal Code | L4M |
| Area | City Centre |
| Listing VS Median (In L4M) | |
Price: $3,200,000 low | high Med: $962,000 SqFt: 12,000 low | high Med: 5,849 $ / SqFt: $267 low | high Med: $244 On site: 57 low | high Med: 6.000000 | |