$599,900
Available - For Sale
Listing ID: S13693670
64 High Street , Barrie, L4N 1W4, Simcoe
| ATTENTION INVESTORS & FIRST-TIME BUYERS! LEGAL TRIPLEX OFFERING AN ATTRACTIVE 6.95% CAP RATE & POSITIVE CASH FLOW POTENTIAL! An exceptional opportunity to acquire a well-managed, income-producing property in Barrie's desirable lakeside community. Featuring 3 fully rented units, an established rental history, minimal vacancy and tenants in good standing, this property generates approximately $60,000.00 in annual gross income, with an estimated net operating income of $43,000.00 representing an impressive 7% cap rate, with positive monthly cash flow (based on 20% down).Inside, spacious layouts, soaring ceilings, large windows and timeless Victorian character create bright, inviting living spaces with lasting tenant appeal. Significant capital improvements completed in 2025 include upgraded electrical service, a newer furnace and central air conditioning, along with replacement of the main drainage line to the municipal connection. These substantial infrastructure upgrades provide added peace of mind and help minimize future capital expenditures.Ideally located in one of Barrie's sought-after lakeside pockets, this property offers an attractive combination of reliable income, character, location and long-term appreciation potential. For investors, it's an opportunity to enjoy established rental revenue with future growth potential. For first-time buyers, rental income can help offset mortgage expenses while building equity. A compelling turnkey investment opportunity with strong fundamentals, attractive returns and major recent improvements already completed! |
| Price | $599,900 |
| Taxes: | $4066.00 |
| Occupancy: | Tenant |
| Address: | 64 High Street , Barrie, L4N 1W4, Simcoe |
| Directions/Cross Streets: | Dunlop St W/High St |
| Rooms: | 10 |
| Bedrooms: | 3 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 20.01 | 8 | |
| Room 2 | Main | Living Ro | 26.57 | 15.84 | |
| Room 3 | Main | Bedroom | 9.68 | 7.84 | |
| Room 4 | Second | Kitchen | 16.01 | 9.68 | |
| Room 5 | Second | Living Ro | 15.91 | 8.99 | |
| Room 6 | Second | Bedroom | 16.01 | 12 | |
| Room 7 | Second | Kitchen | 20.66 | 8 | |
| Room 8 | Second | Living Ro | 21.91 | 16.24 | |
| Room 9 | Second | Bedroom | 16.92 | 10.5 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 4 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | |
| Washroom Type 7 | 4 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | |
| Washroom Type 12 | 4 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 3 | |
| Washroom Type 17 | 4 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 3 | |
| Washroom Type 22 | 4 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 3 | |
| Washroom Type 27 | 4 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 3 | |
| Washroom Type 32 | 4 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 3 | |
| Washroom Type 37 | 4 | |
| Washroom Type 38 | 0 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 | |
| Washroom Type 41 | 3 | |
| Washroom Type 42 | 4 | |
| Washroom Type 43 | 0 | |
| Washroom Type 44 | 0 | |
| Washroom Type 45 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ENGEL & VOLKERS TORONTO CITY |
|
|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Freehold - Triplex |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | Queen's Park |
| Style: | 2-Storey |
| Tax: | $4,066 |
| Beds: | 3 |
| Baths: | 3 |
| Fireplace: | Y |
| Pool: | None |
Locatin Map:
Payment Calculator:
