64 High Street

Nestled in the heart of Queen's Park, this exceptional property at 64 High Street, Barrie, presents a unique opportunity for both investors and families alike. This Multi-Family Home for sale in Barrie is a well-maintained legal triplex that promises strong performance from the very first day. With a competitive cap rate for the Barrie market, this property is not just an investment; it’s a chance to secure immediate, reliable cash flow from fully rented units.

As you approach 64 High Street, Barrie, the charming brick exterior immediately captures your attention, reflecting the classic Victorian character that is so highly sought after in this area. The building is a two-storey multiplex, boasting three spacious bedrooms and three bathrooms, making it ideal for families or tenants seeking comfort and convenience. The layout comprises a total of ten rooms, including three well-appointed kitchens, ensuring that each unit has everything it needs for a homely feel.

Inside, the property is bright and inviting, enhanced by large windows that allow natural light to flood the space. The high ceilings add to the sense of openness, creating an airy atmosphere that tenants are sure to appreciate. This Multi-Family Home for sale in Barrie is designed to cater to the needs of its residents, with a family room that encourages relaxation and socialising. The presence of a fireplace adds a touch of warmth and charm, making it a perfect spot for cosy evenings in.

The property is equipped with central air conditioning, ensuring comfort throughout the warmer months, while the forced air heating system provides warmth during the colder seasons. Although there is no central vacuum system, the practicality of the space is not diminished. With municipal water and sewer services, residents can enjoy hassle-free living in this well-connected community.

One of the standout features of this Multi-Family Home for sale in Barrie is its impressive parking capacity. With space for up to six vehicles, this property is particularly appealing for families or tenants with multiple cars. The absence of a garage and driveway is compensated by the ample parking available, ensuring that convenience is never compromised.

The full basement offers additional potential, whether for storage or as a space that could be further developed to enhance the property's value. The lot measures an impressive 53 by 132 feet, providing ample outdoor space for tenants to enjoy, even though there is no pool on the premises. The versatility of this property cannot be overstated; it can serve as a high-yield income asset for investors or be converted back into a stunning single-family home for those looking to settle in the picturesque Barrie area.

Located at 64 High Street, Barrie, this Multi-Family Home for sale in Barrie is surrounded by the natural beauty of the lakeside, making it one of the most desirable locations in the city. The community is vibrant and welcoming, with easy access to local amenities and recreational activities that cater to a variety of lifestyles. Whether you are an investor looking to capitalise on the strong rental demand or a family seeking a charming home in a prime location, this property offers a rare opportunity not to be missed.

In summary, 64 High Street, Barrie, is a remarkable Multi-Family Home for sale in Barrie that combines classic charm with modern functionality. With its proven financial strength and long-term potential, this property stands out as a wise investment choice. Don’t let this chance pass you by—explore the possibilities that await in this exceptional triplex today!

Queen's Park is a charming residential neighbourhood nestled within the city of Barrie, Ontario, offering a delightful blend of suburban tranquility and urban convenience. Characterised by its tree-lined streets and well-maintained homes, the area boasts a welcoming atmosphere that appeals to families and individuals alike. Residents can enjoy easy access to local parks, schools, and shopping centres, while the picturesque waterfront along Lake Simcoe is just a short drive away, providing ample opportunities for outdoor recreation. With its strong sense of community and proximity to Barrie's vibrant downtown, Queen's Park presents an inviting option for those seeking a comfortable and engaging place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is Hillcrest Public School, just 0.7 km away, offering elementary education in both English and French for grades JK to 8, with a solid school rating of 5. Another nearby elementary option is Oakley Park Public School, located 1.4 km from the property, which also provides French instruction for grades 1 to 8 and has a rating of 4.8. For secondary education, Barrie North Collegiate Institute is only 1.5 km away, offering programs in English and French for grades 9 to 12, with a commendable school rating of 7. Additionally, St. Marguerite D'Youville Catholic School, a Catholic institution, is located 3.3 km away, serving grades JK to 8, although it currently has a rating of 0. Overall, the area is well-served by a range of public and Catholic schools, ensuring that families have access to quality education options in both English and French.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, mature community with a population of 1,076 residents and an average household size of 1.6. The average age of residents is 62.6 years, indicating a predominantly older demographic. The average household income stands at $98,600, with a relatively low percentage of the population (9.8%) classified as low-income. The real estate market is characterized by an average property price of $672,000, with a significant proportion of the housing stock consisting of condominiums (81.16%). The community has a notable percentage of single residents (40.58%) and a low representation of households with children (9.23%). Additionally, 22.22% of the population comprises immigrants, contributing to the area's diversity. Renters make up 23.91% of the households, while a significant portion of the population (70.75%) is not in the labor force. Educational attainment is high, with 57.08% of residents holding a college or university degree. Overall, this demographic snapshot highlights a well-educated, older population with a stable income and a predominance of condominium living.