72 Cumberland Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Barrie , located at 72 Cumberland Street, Barrie. This turn-key legal duplex is nestled in the highly sought-after Allandale neighbourhood, offering a perfect blend of modern living and investment potential. Set on a generous 60 x 165 ft lot, this property is just a stone's throw away from the Go Station and the picturesque waterfront, making it an ideal location for both residents and tenants alike.

The property boasts a well-maintained raised bungalow design, constructed with a combination of brick and stucco (plaster) exterior. The building type is a multiplex, and it has been thoughtfully renovated in 2020 with all necessary permits, ensuring that it meets contemporary standards while retaining its charm. This Multi-Family Home for sale in Barrie presents an excellent opportunity for investors, downsizers, or first-time buyers looking to offset their mortgage with additional rental income.

Upon entering the main floor, you will be greeted by a bright and modern layout that features a newly renovated kitchen. This kitchen is adorned with elegant quartz countertops and is complemented by LED lighting throughout, creating a warm and inviting atmosphere. The updated flooring, trim, and paint add to the overall appeal of the space. The main floor also includes private ensuite laundry facilities, enhancing convenience for its occupants. The primary bedroom is particularly noteworthy, as it features a walk-out to a rear deck that overlooks the expansive backyard, providing a serene space for relaxation.

In addition to the main living area, the lower level of this Multi-Family Home for sale in Barrie offers a legal two-bedroom apartment, which is a rare find in this area. This apartment has its own ground-level private entrance and patio, ensuring privacy and independence for tenants. The modern kitchen in the lower unit is fully equipped, and the apartment includes a full four-piece bathroom and ensuite laundry, making it a self-sufficient living space. The fire-rated and proofed separation between the units further enhances safety and comfort for all residents.

This property is not only a fantastic income opportunity but also an ideal owner-occupied duplex, appealing to a wide range of potential tenants. The zoning allows for a garden suite, providing even more possibilities for additional income or personal use. Major improvements completed in 2020 include new windows and doors, a new roof, updated electrical and plumbing systems, and enhanced exterior finishes, ensuring that the property is in excellent condition.

Situated within walking distance to essential amenities such as transit, the Go Train, Lake Simcoe, parks, schools, and shopping, this Multi-Family Home for sale in Barrie is perfectly positioned for convenience and accessibility. The property is equipped with central air conditioning and municipal water and sewer services, further adding to its desirability. Although there is no swimming pool or fireplace, the property offers ample parking space for up to four vehicles, with a detached garage providing additional storage or parking options.

In summary, 72 Cumberland Street, Barrie, is a low-maintenance, high-quality duplex that stands out in one of Barrie's most desirable neighbourhoods. Whether you are looking to invest, downsize, or purchase your first home, this Multi-Family Home for sale in Barrie is an exceptional choice. Don't miss the chance to explore this outstanding property that combines modern living with significant investment potential in a prime location.

Allandale, nestled within the city of Barrie, is a charming and picturesque neighbourhood that boasts a delightful blend of natural beauty and urban convenience. Located along the shores of Lake Simcoe, it offers residents stunning waterfront views and easy access to a variety of outdoor activities, including walking trails and parks. The area is characterised by its tree-lined streets, well-maintained homes, and a welcoming atmosphere. With a mix of local shops, cafes, and essential services, Allandale provides a sense of community while still being conveniently close to Barrie's vibrant city centre. Whether you're looking to enjoy leisurely lakeside strolls or the amenities of urban living, Allandale presents an inviting option for prospective residents.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest is Allandale Heights Public School, just 0.8 km away, offering elementary education from Junior Kindergarten to Grade 8, with a school rating of 6.6. Innisdale Secondary School, located 1.2 km from the property, serves grades 9 to 12 and has a rating of 5.7. For younger children, Hillcrest Public School and Oakley Park Public School are also nearby, at distances of 2.6 km and 3.0 km, respectively, providing elementary education with a focus on French language studies. Barrie North Collegiate Institute, a secondary school rated 7, is 3.2 km away, ensuring quality education for older students. Additionally, the Saint John Paul II Separate School, a Catholic institution located 4.1 km from the property, caters to elementary students but currently has no rating. Overall, the area boasts a variety of educational options, with a mix of English and French language instruction, ensuring that families can find suitable schooling for their children within a short distance from home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 421 residents and an average household size of 2.1. The average age of residents is 42.1 years, indicating a mature population. The average household income stands at $86,000, with 11.6% of the population classified as low-income. The housing market reflects an average property price of $680,000, and a significant portion of the population, 56.1%, are renters, suggesting a rental-dominated housing landscape. Interestingly, there are no condominiums available in the area. The community has a diverse social structure, with 49.32% of individuals being single and 28% of households having children. Furthermore, 13.95% of residents are immigrants, contributing to the area's cultural diversity. Educational attainment is relatively high, with 44.87% of the population holding a college or university degree. However, a notable 35.9% of residents are not in the labor force, which may impact the local economy. Overall, this demographic snapshot highlights a blend of established residents and a rental market, alongside a well-educated community.