571 Bayfield Street Barrie, Ontario L4M 4S5
$12,000,000
Rare opportunity to own a fantastic portion of Barries Golden Mile. This building features high traffic exposure well covenanted tenants, excellent return on investment and present opportunity for further commercial and/or residential development on the site. Sitting on the entrance to Barrie this site is in a strategic growth area on an intensification corridor per the cities latest official plan. With approximately 4.5 CAP based on the stabilized NOI this property is perfect for anyone looking for a short or long term investment or re-development plan. The building was converted in 2020 from single user to multi tenant with approximately $1.3m in capital spent on maintenance, repairs and updates. Current first mortgage on the building with ideal interest rate is potentially assumable to those who qualify, details available. Confidentiality agreement required for further information is available upon request. (id:35544)
Property Details
| MLS® Number | 40261333 |
| Property Type | Other |
| Amenities Near By | Airport, Public Transit, Shopping, Ski Area |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
| Sign Type | Pylon |
Building
| Basement Type | None |
| Constructed Date | 1990 |
| Construction Material | Concrete Block, Concrete Walls |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Concrete, Metal, Stone |
| Foundation Type | Block |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Exterior | 39203.0000 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | Yes |
| Land Amenities | Airport, Public Transit, Shopping, Ski Area |
| Sewer | Sanitary Sewer, Storm Sewer |
| Size Depth | 783 Ft |
| Size Frontage | 265 Ft |
| Size Irregular | 4.733 |
| Size Total | 4.733 Ac|2 - 4.99 Acres |
| Size Total Text | 4.733 Ac|2 - 4.99 Acres |
| Zoning Description | C4 - Commercial |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24444797/571-bayfield-street-barrie
Interested?
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May 24 2022 09:38:41
Barrie & District Association of REALTORS® Inc.
Ed Lowe Limited Brokerage