151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
151 Cumberland ST, Barrie, ON L4N 2P9
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 1,550,000
Est. payment | /mo

11 Beds

6 Baths

Save Virtual Tour
$ 1,550,000
Est. payment | /mo
Save Virtual Tour

11 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Allandale

MLS Listing ID S13112254

Style 2-Storey

Bedrooms 11

Annual Tax Amount $12,818

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Prime multifamily investment opportunity overlooking Kempenfelt Bay, just steps from the Allandale Waterfront GO Station and minutes toDowntown Barrie. This rare purpose-built 6-unit building offers a turnkey, low-maintenance asset ideal for long-term ownership, with good income and significant rental upside. Some rents below-market with excellent future upside with Tenant turnover. The property features consistent revenue streams from residential tenancies along with additional income from new on-site coin laundry facilities. Numerous recent capital improvements help minimize immediate CAPEX requirements for the incoming investor, and 12-month financials are available upon request. Generous lot with ample parking, this property is perfectly positioned in a high-demand rental area on a quiet cul-de-sac style street with low vacancy rates and consistent tenant demand.Residents enjoy walking access to Kempenfelt Bay, waterfront parks, Downtown Barrie shops and dining, plus convenient access to Highway400 for commuters.

Location

Province ON

County Simcoe

Area Simcoe

Rooms

Family Room No

Basement Apartment

Kitchen 6

Interior

Interior Features None

Heating Yes

Cooling None

Fireplace No

Heat Source Other

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 67.78

Lot Depth 152.29

Total Parking Spaces 6

Building

Unit Features Greenbelt/Conservation,Lake/Pond,Public Transit

Foundation Concrete Block

Others

ParcelsYN No

Virtual Tour https://listings.wylieford.com/sites/rmoaogwk/unbranded

Listed by ENGEL & VOLKERS TORONTO CITY

Nearby Locations

Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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151 Cumberland ST