100 Sophia Street W Barrie, Ontario L4N 1J5
$1,200,000
Excellent investment opportunity! Legal 4-plex, (1-2 bedroom unit, 3-1 bedroom units) on large lot located in the heart of Barrie. Only minutes to the waterfront & beach, downtown, GO station, shopping, dining, Queen's Park, MacLaren Art Centre, Library etc. Well maintained & updated, purpose built multi unit building with lots of paved parking & solid brick construction. Great opportunity to invest in Barrie's desirable Lakeshore district which is going through a major rejuvenation with thousands of new condos planned for the area. Large 66 x 132 ft lot with possibility to build additional units or perhaps a secondary dwelling/garden suite?? (Buyer is to satisfy himself with the City of Barrie and/or other Governmental authorities as to any future use.) Rarely a vacancy with current annual income of $65,058.96. (plus some laundry income...coin operated washer & dryer not owned) Taxes - $5,860, insurance -$2,680. snow & lawn - $2,125, repairs & paint, appliances repairs etc. - $2,051, water -$1210., hydro -$1733., gas -$1236. Please note one Realtor is a shareholder of the Seller Corporation. Please do NOT go directly to the property and disturb the Tenants. One party is excluded from this Listing Agreement. (id:27910)
Property Details
| MLS® Number | 40332488 |
| Property Type | Multi-family |
| Amenities Near By | Beach, Marina, Park, Place Of Worship, Playground, Public Transit, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | Other, Water Heater |
| Features | Park/reserve, Conservation/green Belt, Beach, Laundry- Coin Operated |
| Parking Space Total | 6 |
| Rental Equipment Type | Other, Water Heater |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1986 |
| Cooling Type | None |
| Exterior Finish | Brick, Other |
| Fire Protection | Unknown |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Other, Hot Water Radiator Heat |
| Stories Total | 1 |
| Size Interior | 1450 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Beach, Marina, Park, Place Of Worship, Playground, Public Transit, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rm2 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
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May 31 2023 07:16:50
Barrie & District Association of REALTORS® Inc.
Royal LePage First Contact Realty Brokerage