$1,300,000
Barrie
19 Centre Street, Barrie (Allandale), Ontario, L4N3L3
This 5-bedroom, 4-bathroom home in Barrie is for sale offering roughly 2,750 sq ft of space.
Exceptional Allandale Investment Opportunity - Multi-Unit Property with Strong Income Potential. Welcome to 19 Centre Street, a unique and versatile income-producing property in the heart of Barrie's sought-after Allandale neighbourhood. Ideally positioned between Highway 400 and Barrie's beautiful waterfront, this property offers an incredible combination of residential income, commercial-style storage/workspace, and future flexibility. The property features multiple self-contained residential units, including a comfortable 3-bedroom main residence, plus two spacious 1-bedroom apartments. Each unit offers its own entrance, kitchen and laundry, providing privacy for tenants and an attractive setup for investors. Adding even more value is the impressive 2-bay warehouse/garage, complete with high ceilings, a 2-piece bathroom and dedicated office space. Whether used for storage, a home-based business, workshop or additional income potential, this expansive space provides flexibility rarely found in an in-town residential property. Outside, there is ample parking for residents, guests, vehicles and additional equipment. The property's location puts you close to the waterfront, downtown Barrie, shopping, restaurants, schools, transit and major commuter routes. Whether you're an investor looking to expand your portfolio, an owner-occupier wanting rental income to offset expenses, or someone seeking a property with multiple possibilities, 19 Centre Street presents an exceptional opportunity in a prime Barrie location. Live in one unit, generate income from the others, and make the most of the additional warehouse space - the possibilities are truly impressive. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 63 days on market, against an average age of 64 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This 5-bed single family in Barrie (Allandale) has been listed for 63 days, which is 1 days fresher than the city average of 64. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,300,000, about 13.4× the local median household income of $97,000.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 162% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.