This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
Property Highlights
For Sale
MLS NO.
S12251628
Type
Commercial
Sub Type
Investment
Bathrooms
6
Square Footage
17000.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
S12251628
Total Bedrooms
0
Total Bathrooms
6
Total Kitchens
3
Lot Width
92.05
Garage Type
None
Cooling
No
Heat Type
Baseboard
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
24 North Street N, Barrie, ON L4M 2R9
City
Barrie
Neighbourhood
Wellington
County / Region
Simcoe
Province / State
ON
Postal Code
L4M 2R9
Cross Street
NORTH ST/GORVE ST
Directions
North on Bayfield St turn mright on Grove St E, left on Nofrht St
List Price
$2,588,888
Annual Taxes
$14,569
Tax Year
2025
Legal Description
PT LT 1 N/S NORTH ST PL13 AKA PL114 BARRIE;PT LT2 N/S NORTH ST PL13 AKA PL114
Possession Type
Flexible
Possession Details
Flexible
Listing Office
CENTURY 21 B.J. ROTH REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2025-06-28T14:31:34Z
Media Updated
2026-04-14T19:15:53Z
Photos Updated
2025-10-28T14:31:13Z
Last Modified
2026-04-14T19:16:41Z
System Modified
2026-04-14T19:16:41.049692Z
MLS Status
Extension
Ddfyn
Yes
Expiration Date
2026-07-31
Heat Type Multi
Baseboard
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
588150039
Parking Spaces
18
Public Remarks
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.