168 Toronto Street

If you're on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in Barrie ! Nestled at 168 Toronto Street, Barrie, this impressive property is a real gem in the heart of the Queen's Park community. With a prime location and ample space, it’s perfect for seasoned investors or those just starting their real estate journey.

This Multi-Family Home for sale in Barrie boasts a two-storey multiplex design, featuring a total of nine rooms across its spacious layout. The building, constructed with a combination of stucco and other materials, is well-maintained and has an age range of 51-99 years, adding a touch of character to the property. It sits on a generous lot measuring 70 x 170 feet, providing plenty of outdoor space, although there is no pool or garage on site. However, the private driveway accommodates up to six vehicles, ensuring ample parking for tenants and guests alike.

At 168 Toronto Street, Barrie, you’ll find two legal suites within the main detached house, alongside a separate coach house, making it an ideal setup for generating rental income. Currently, all units are tenanted, which is a significant advantage for any investor. The first unit, located at the front, features three bedrooms, a foyer, a kitchen, a living room, a dining room, a four-piece bathroom, and laundry facilities. The second unit, situated in the main house, offers two bedrooms, a kitchen, a living room, a four-piece bathroom, and its own laundry area. Each of these units comes with designated parking spaces, making them even more attractive to potential renters.

The coach house is another fantastic addition to this Multi-Family Home for sale in Barrie. It includes two bedrooms, a kitchen, a living room, a four-piece bathroom, and laundry facilities, also with its own parking spaces. This setup not only maximises rental potential but also provides privacy for each tenant, making it a desirable option for those seeking a home in the bustling Barrie area.

One of the key highlights of 168 Toronto Street, Barrie, is its unbeatable location. Just a stone’s throw away from local public schools and public transit, residents will appreciate the convenience of easy access to key commuter routes. Whether it’s hopping on the GO Train for a trip to the Greater Toronto Area or heading north to the beautiful cottage country, everything is within reach. Plus, the vibrant downtown Barrie is only minutes away, offering a plethora of shopping options, restaurants, and entertainment venues. For those who love the outdoors, the stunning shoreline of Lake Simcoe's Kempenfelt Bay is nearby, perfect for leisurely strolls along the boardwalk, hiking on the Simcoe County trails, and enjoying various water activities throughout the year.

It's important to note that this tenanted property requires a minimum of 24 hours' notice for all showings, which is a standard practice for multi-family homes. With no central vacuum system, air conditioning, or fireplace, the property remains uncomplicated and easy to maintain. However, the presence of two kitchens and the separate entrance to the basement apartment enhance its appeal, making it a versatile investment.

In summary, this Multi-Family Home for sale in Barrie at 168 Toronto Street, Barrie, is an exceptional opportunity for anyone looking to expand their real estate portfolio. With its multiple rental units, prime location, and spacious layout, it’s a property that promises great returns. Don’t miss out on this chance to invest in a thriving community with all the amenities you could wish for!

Queen's Park is a charming residential neighbourhood nestled within the city of Barrie, Ontario, known for its picturesque tree-lined streets and a welcoming atmosphere. This area boasts a delightful mix of well-established homes and modern developments, making it an attractive option for families and professionals alike. Residents enjoy proximity to a variety of amenities, including parks, schools, and shopping centres, while the stunning waterfront of Lake Simcoe is just a short drive away, offering opportunities for outdoor recreation. With its strong sense of community spirit and convenient access to major transport routes, Queen's Park presents an ideal setting for those seeking a balanced lifestyle in a vibrant urban environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Hillcrest Public School, just 0.1 km away, offering both English and French instruction for grades JK to 8, with a school rating of 3.6. Another nearby elementary option is Oakley Park Public School, located 1.0 km away, which provides French education for grades 1 to 8, though it has a lower rating of 2.8. For secondary education, Barrie North Collegiate Institute is situated 1.1 km from the property, offering grades 9 to 12 in both English and French, and boasts a solid rating of 6.2. Additionally, St. Marguerite D'Youville Catholic School, a Catholic institution, is 2.7 km away, catering to grades JK to 8, but has a rating of 0. Overall, the area offers a variety of schooling options, with a strong emphasis on public education and accessibility, ensuring that families can find suitable educational paths for their children within close proximity to their new home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, close-knit community with a population of 408 residents. The average household consists of 2.3 individuals, with a median age of 40 years. The area boasts a relatively high average household income of $105,000, although 17% of the population falls under the low-income category. Housing prices are substantial, with an average property value of $680,000. A significant portion of the population, 53.52%, is single, while 23.81% of households include children, indicating a mix of family dynamics. The community is also diverse, with 13.54% of residents being immigrants. Renting is common, as evidenced by 43.24% of the population being renters, and there are no condominiums available in the area. Educational attainment is notable, with 61.45% of residents holding a college or university degree. However, a considerable 33.73% of the population is not in the labor force, which may reflect various factors including retirement or personal choices. Overall, this demographic snapshot illustrates a well-educated, diverse community with a mix of family structures and economic backgrounds.