$799,000
Barrie
236 Tiffin Street, Barrie (400 North), Ontario, L4N2N4
This multi-family property in Barrie is for sale. It has been on the market 83 days, fresher than the Barrie average of 96 days.
Excellent opportunity for investors looking to add a multi-unit income property to their portfolio in a central Barrie location. 236 Tiffin Street is currently configured as a six-unit residential property, offering an established multi-residential setup. Located along the Tiffin Street corridor, the property is well positioned for tenants requiring convenient access throughout the city. The location provides easy connectivity to Highway 400, Essa Road, downtown Barrie, the waterfront and surrounding employment and commercial areas. The nearby Allandale area has also become an increasingly important transportation hub, with the new Barrie Allandale Transit Terminal at Essa Road and Tiffin Street providing local and inter-regional transit connections, together with convenient access to the Allandale Waterfront GO Station. For an investor, the combination of six existing units, a central location and access to major transportation routes creates an attractive opportunity at an accessible price point. The surrounding Tiffin/Allandale corridor includes a mixture of residential, commercial and employment uses, while ongoing planning and redevelopment activity in the broader area may provide additional long-term upside. The property is currently configured and utilized as six residential units; however, the existing zoning does not currently recognize/permit the property as a legal six-unit residential use. Buyers are advised to conduct their own independent due diligence regarding zoning and legal use. Property is sold "as is" . The Seller and Listing Brokerage make no representations or warranties regarding the legality of the existing six-unit configuration. An opportunity for the knowledgeable investor to acquire a six-unit income-producing property in a strategic central Barrie location, with the pricing reflecting the property's current zoning status. Square footage not available, measurement required (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 83 days on market, against an average age of 96 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 multi-family in Barrie (400 North) has been listed for 83 days, which is 13 days fresher than the city average of 96. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 8.2× the local median household income of $97,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 61% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4N)
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