$3,850,000
Available - For Sale
Listing ID: S12555990
19 Dunlop Street West , Barrie, L4N 1A1, Simcoe
| Welcome to Dunlop Apartments. This is a solid concrete top to bottom walk up rental building containing 15 large one bedroom suites and a sub basement commercial space of around 2200 sf which is now vacant and in shell condition. The building has double glazed windows, brick exterior and flat roof. There are two front entrances - one for the residential and one for the commercial. There is onsite laundry and lockers in the basement. The site is at the "5 Points" and walking distance to the lake and the commercial core. Tenants pay hydro and gas. Plus 15 foot ceilings. Potential add a loft style bedroom to each suite making rental upside over 30% here. Common areas all painted and upgraded. Asking price is a 5.5% cap. Great first time buyer building with low maintenance, great location and rental upside. |
| Price | $3,850,000 |
| Taxes: | $22532.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 19 Dunlop Street West , Barrie, L4N 1A1, Simcoe |
| Postal Code: | L4N 1A1 |
| Province/State: | Simcoe |
| Legal Description: | Part 1, 51R-23262 |
| Directions/Cross Streets: | Dunlop Bayfield |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 0.12 |
| Total Area Code: | Acres |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Business/Building Name: | Dunlop Apartments |
| Financial Statement: | F |
| Net Income Before Debt: | $215000 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
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| COMMERCIAL FOCUS REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | City Centre |
| Approximate Age: | 51-99 |
| Tax: | $22,532 |
| Fireplace: | N |
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