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$ 1,249,500
Est. payment /mo
Active
166 Collier ST Barrie, ON L4M 1H7
5 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Codrington
MLS Listing ID S12917266
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,887
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Rare opportunity to own a money making 4-plex in an amazing area of Barrie. The property is fully tenanted, all tenants want to stay and love it here. The property runs smoothly with low maintenance fees. . The NET operating income is approximately $65,000 a year! That's over a 5.2% cap rate. All tenants are amazing and take care of the place. The location is sought after by tenants and this property has had no vacancies for over a decade. (Except when owner was renovating) All units have access to laundry. (One set is shared by 3 units, other unit has it's own). Property has just had a new roof done (June 2025) as well as some new eaves and down spouts. Potential to push back retaining wall at back and add even more value. Come have a look, you won't be disappointed. LA is owner.
Location
State ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Partial Basement, Exposed Rock
Kitchen 4
Interior
Interior Features Water Softener
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Pool None
Roof Type Asphalt Shingle
Lot Frontage 70.0
Lot Depth 165.0
Total Parking Spaces 5
Building
Unit Features Library,Public Transit
Foundation Stone
Others
ParcelsYN No
Listed by SUTTON GROUP INCENTIVE REALTY INC.
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