Overview
|Description
Welcome to this beautifully updated, fully tenanted four-plex in the heart of Barrie, an exceptional investment opportunity offering a strong 5.74% cap rate with proven future upside. With neighbouring properties already redeveloped, this asset is ideally positioned to benefit from continued growth and increased property values in the area. Extensively upgraded throughout, Units 2 and 3 have been completely renovated with brand-new bathrooms featuring modern showers, tubs, vanities, and fixtures. The kitchens in these units have also been fully refreshed with new flooring, updated fixtures, and fresh paint, complemented by custom closets and elegant wainscoting that elevate the overall finish. The property also features four private balconies, one for each unit along with a convenient coin-operated laundry facility, enhancing tenant appeal and generating additional income. Meticulously maintained and fully leased, this turn-key four-plex delivers immediate cash flow in a rapidly improving neighbourhood.
Additional Details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Wall Unit(s)
- County: Simcoe
- Property Type: Residential
- Pool: None
- Parking: Mutual
- Architectural Style: 2-Storey
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