7% Cap RATE Prime investment opportunity in the heart of Barrie, just steps from the GO station! This fully occupied, mixed-use property is perfect for investors, business owners, and developers, with potential for future condo projects. Zoned for both commercial and residential use, it offers a 3,240 sq ft retail space, a 660 sq ft two-bedroom loft apartment renting for $1,700+, a full basement, 400 sq ft garage, and parking for 17 cars. Ideal for a law office, vet clinic, dental practice, real estate office, and more, this well-maintained property features numerous upgrades, including a new furnace (2019), roof (2018), and Unilock walkway (2017). The owner, in business for 28 years, is open to continuing operations while new tenants move in, providing extra income. Vendor Take-Back (VTP) financing available don't miss this prime opportunity!
MLS# | S11969469 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 35 |
Listing Provided By | RE/MAX WEST REALTY INC. | S11969469 494708 |
SQ Feet | 9,741 |
---|---|
Acreage | 0.22 |
Province | ON |
---|---|
Region | Simcoe |
City | Barrie |
Postal Code | L4M 3B4 |
Area | City Centre |
Listing VS Median (In L4M 3B4) | |
Price: $1,300,000 low | high Med: $799,500 SqFt: 9,741 low | high Med: 5,321 $ / SqFt: $133 low | high Med: $233 On site: 35 low | high Med: 45.000000 |