A rare land assembly of 5 well maintained income producing properties with 20 rental units on over 37,000 ft2 of land zoned RM2 on an arterial road with development charge credits of over $940,000. Note: 128 Berczy also for sale and if purchased together lot size is almost 43,000 ft2, 6 buildings and over $1 million in DC credits. All units have been renovated over the years and present well! This is a rare buy and hold opportunity for the strategic investor for development opportunities in a prime future location 1 minute to the waterfront.
Property Highlights
For Sale
MLS NO.
S8373002
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
9
Bathrooms
9
Parking
20.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
S8373002
Total Bedrooms
9
Bedrooms Above Grade
9
Total Bathrooms
9
Total Kitchens
9
Kitchens Above Grade
9
Rooms Above Grade
9
Interior Features
Other
Fireplace
No
Construction
Other
Roof
Other
Lot Width
199.0
Parking Features
Unreserved
Parking Total
20.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
North
Cooling
Other
Heat Source
Other
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
8 Penetang Street, Barrie, ON L4M 1V4
City
Barrie
Neighbourhood
Codrington
County / Region
Simcoe
Province / State
ON
Postal Code
L4M 1V4
Cross Street
MULCASTER ST/PENETANG ST
List Price
$6,199,500
Annual Taxes
$30,363
Tax Year
2023
Legal Description
see Realtor remarks
Possession Details
Flexible
Listing Office
CENTURY 21 B.J. ROTH REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2024-05-25T17:03:35Z
Media Updated
2024-05-25T17:03:35Z
Photos Updated
2024-05-25T17:03:35Z
Last Modified
2024-07-24T05:15:08Z
System Modified
2025-10-11T13:47:45.35817Z
MLS Status
Expired
Architectural Style
Other
Basement
Full, Finished
Ddfyn
Yes
Expiration Date
2024-07-23
Foundation Details
Other
Heat Source Multi
Other
Heat Type Multi
Other
Hstapplication
Included
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
588190625
Parking Spaces
20
Public Remarks
A rare land assembly of 5 well maintained income producing properties with 20 rental units on over 37,000 ft2 of land zoned RM2 on an arterial road with development charge credits of over $940,000. Note: 128 Berczy also for sale and if purchased together lot size is almost 43,000 ft2, 6 buildings and over $1 million in DC credits. All units have been renovated over the years and present well! This is a rare buy and hold opportunity for the strategic investor for development opportunities in a prime future location 1 minute to the waterfront.