24 NORTH STREET N
Barrie (Wellington), Ontario
MLS® S12251628
$2,588,888
- Status
- Active
- Property type
- Business
- MLS® number
- S12251628
- Bedrooms
- —
- Bathrooms
- 6
- Year built
- —
1 / 50Listing description
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue.
With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed.
Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
Property summary
- MLS® number
- S12251628
- Property type
- Business
- Square footage
- 17,000 sq ft
- Land size
- 92.05 x 214.18 FT ; 96.8x214.18x92.05x41.05x1.84x172.88 ft
- Annual property taxes
- $14,569.00
- Parking
- 18 spaces
- Days on market
- 425 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Appliances
- Dryer, Alarm System, Two Washers, Water Heater
What would this home cost you?
Based on the $2,588,888 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 B.J. ROTH REALTY LTD., BARRIE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.