REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 599,900
Est. payment /mo
Price Dropped by $25K
64 High ST Barrie, ON L4N 1W4
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Queen'S Park
MLS Listing ID S13693670
Style 2-Storey
Bedrooms 3
Annual Tax Amount $4,066
Tax Year 2025
Property Sub-Type Triplex
Property Description
ATTENTION INVESTORS & FIRST-TIME BUYERS! LEGAL TRIPLEX OFFERING AN ATTRACTIVE 6.95% CAP RATE & POSITIVE CASH FLOW POTENTIAL! An exceptional opportunity to acquire a well-managed, income-producing property in Barrie's desirable lakeside community. Featuring 3 fully rented units, an established rental history, minimal vacancy and tenants in good standing, this property generates approximately $60,000.00 in annual gross income, with an estimated net operating income of $43,000.00 representing an impressive 7% cap rate, with positive monthly cash flow (based on 20% down).Inside, spacious layouts, soaring ceilings, large windows and timeless Victorian character create bright, inviting living spaces with lasting tenant appeal. Significant capital improvements completed in 2025 include upgraded electrical service, a newer furnace and central air conditioning, along with replacement of the main drainage line to the municipal connection. These substantial infrastructure upgrades provide added peace of mind and help minimize future capital expenditures.Ideally located in one of Barrie's sought-after lakeside pockets, this property offers an attractive combination of reliable income, character, location and long-term appreciation potential. For investors, it's an opportunity to enjoy established rental revenue with future growth potential. For first-time buyers, rental income can help offset mortgage expenses while building equity. A compelling turnkey investment opportunity with strong fundamentals, attractive returns and major recent improvements already completed!
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room Yes
Basement Full
Kitchen 3
Interior
Interior Features Other
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 52.83
Lot Depth 132.0
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by ENGEL & VOLKERS TORONTO CITY
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION