ON > Barrie
Barrie, ON L4M 3A6,31 Bayfield ST
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Barrie, ON L4M 3A6,31 Bayfield ST
Barrie, ON L4M 3A6,31 Bayfield ST
Barrie, ON L4M 3A6,31 Bayfield ST
Barrie, ON L4M 3A6,31 Bayfield ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 3,300,000
Est. payment /mo
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31 Bayfield ST Barrie, ON L4M 3A6

1,208 SqFt

UPDATED:

09/20/2024 07:59 PM

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,208 sqft

Price per Sqft $2,731

MLS Listing ID S9039077

Annual Tax Amount $27,335

Tax Year 2023

Property Description

**Price Reduced** Prime Investment Opportunity: Iconic Income-Producing Property at 31 Bayfield Street, Barrie, ON** Seize the chance to own a landmark building in the heart of one of Canada's fastest-growing cities. This iconic property at 31 Bayfield Street, Barrie, ON, offers a unique blend of historical charm and modern income potential, making it a standout addition to any investment portfolio.**Key Features:** - **Stable Commercial Tenant:** Benefit from a reliable commercial tenant operating a thriving business, ensuring consistent income. - **Prime Residential Units:** The property boasts 28 residential units, situated in one of the county's most expensive rental markets, ensuring high demand and occupancy rates.- **Robust Income Stream:** With a gross annual income exceeding $329,000, this property promises substantial returns.- Net Income $229,317.67 **Historical Significance:** Built in 1876, this building was the first hotel in the Barrie area and remains one of the oldest hotels still standing in Canada. Despite its rich history, it is not deemed a historic property, offering flexibility for future development.- **Vendor Take Back Financing:** Attractive vendor take back financing options available for qualified buyers, making this an even more enticing investment.This property combines an exceptional location, impressive cash flow, and significant future growth potential. Whether you're a seasoned investor or looking to make a strategic addition to your portfolio, 31 Bayfield Street is a prime opportunity. Invest in a property that stands at the crossroads of history and modernity, in a city poised for continued expansion.

Location

Province ON

County Simcoe

Community City Centre

Area Simcoe

Region City Centre

City Region City Centre

Interior

Cooling Partial

Exterior

Utilities Available Yes

Others

Security Features Yes

Listed by IPRO REALTY LTD.
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31 Bayfield ST