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Last Updated : 61 Days ago
31 Bayfield St, Barrie, Ontario, City Centre
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31 Bayfield St, Barrie MLS Number: S9039077

City Centre, Barrie, Simcoe, ON, L4M 3A6

$3,300,000

Price drop by $300,000

Status: For Sale

  • Property Type: Commercial (Commercial)
  • Property Taxes : $27335.59 (Tax Year:2023)
  • Listing Courtesy : Ipro Realty Ltd.

31 Bayfield St 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.

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31 Bayfield St Property Facts

Property Type :Commercial
MLS Number :S9039077
Listing Type :Sale
Possession Date :
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Last Updated :20 Sep, 2024 (61 Days ago)
Source :TRREB
Area :Simcoe
Community : City Centre
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Postal Code : L4M 3A6
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31 Bayfield St Property Price & Tax Insights

Price : $3,300,000
Property Taxes :$27335.59
Tax Year :2023

31 Bayfield St, Barrie Property Details

Cross Street :Five Points Intersection

31 Bayfield St, Barrie - Price History

2024-09

20 Sep, 2024

TREB #S9039077

Available

$3300000.0

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31 Bayfield St - Location Map and Landmarks

  • Royal Victoria Regional Health Centre, Simcoe 3.58 km
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FAQs: 31 Bayfield St, Barrie

  • Q:What is the Area Size of the 31 Bayfield St In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Simcoe. The MLS No of this project is S9039077 and the Project is located in Ontario, Canada
  • Q: Does this Project 31 Bayfield St available for Sale ?

    A: The project 31 Bayfield St is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 31 Bayfield St is Offering?

    A:Square Yards is giving a Cashback of $16,500 if you buy this property from us, however there are several key features offered by the 31 Bayfield St. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 31 Bayfield St, Simcoe?

    A: 31 Bayfield St, Simcoe comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Simcoe, On?

    A:Simcoe, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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