Home › Barrie › 151 Cumberland Street
For Sale151 Cumberland Street, Barrie, ON L4N 2P9
$1,550,000
11
6
3500-5000
Multiplex
2-Storey
6
Radiant
None
Apartment
S13112254
Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX. Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6. Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
This multiplex sits in Allandale, in Barrie. Barrie is the hub of our home turf: a waterfront city on Kempenfelt Bay with commuter GO service, a growing downtown, and neighbourhoods that range from century homes near the bay to brand-new builds in the south end.
Browse more on our Barrie community page, or see every local listing at our listings search.
Thinking of a move of your own? We list homes across Simcoe County and beyond for a 1% listing commission with full service included. Questions about this property or the market? Contact us or call 705-722-9111.
Listing courtesy of ENGEL & VOLKERS TORONTO CITY.
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