571 BAYFIELD Street Barrie, ON$12,000,000

#40261333

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About the Property

Rare opportunity to own a fantastic portion of Barries Golden Mile. This building features high traffic exposure well covenanted tenants, excellent return on investment and present opportunity for further commercial and/or residential development on the site. Sitting on the entrance to Barrie this site is in a strategic growth area on an intensification corridor per the cities latest official plan. With approximately 4.5 CAP based on the stabilized NOI this property is perfect for anyone looking for a short or long term investment or re-development plan. The building was converted in 2020 from single user to multi tenant with approximately $1.3m in capital spent on maintenance, repairs and updates. Current first mortgage on the building with ideal interest rate is potentially assumable to those who qualify, details available. Confidentiality agreement required for further information is available upon request. (id:32937)

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Listing Agent

Mike Kane

Salesperson

(705) 726-8260

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Realtor.ca

Key Information

City: Barrie

Lot Size: 4.733 ac|2 - 4.99 acres

Build Year: 1990

Property

Property Type

Other

Ownership Type

Freehold

Land Size

4.733 ac|2 - 4.99 acres

Land Depth

783 ft

Community Features

High Traffic Area

Features

Visual exposure

Location

Hwy 400 N to Bayfield St

Building

Basement Type

None

Storeys

2

Exterior Finish

Concrete, Metal, Stone

Heating Type

Forced air

Cooling Type

Central air conditioning

Foundation Type

Block

Measurements

Additional Info

Listing Contract Date

2022-05-24

Zoning Description

C4 - Commercial

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