151 Cumberland Street
Barrie, ON
- 4,098 sqft
- Investment
- 118 days on market
Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX. Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6. Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
Listing Details
- Taxes (2025)
- $12,818
- Originally Listed
- $1,550,000
- Listed
- May 11, 2026
Price History
Listing history
Sign in to view
Property
- Lot Size
- 67.78 x 152.29 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Bayview & Burton
- Zoning
- RM1
- Parcel Number
- 587440157
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- 5 Fridges, 5 Stoves, 1 Coin-Washer, 1 Coin-Dryer, 2 Owned Water Heaters. Tenant's pay their own hydro.
- Exclusions
- Fridge & Stove in Unit #2 (Tenant-owned). Tenants' belongings
Community
Postal area L4N
- Population
- 100,835
- Private dwellings
- 37,801
- Median age
- 39.6
- Average household size
- 2.7
- Median household income
- $97,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Barrie · last 12 months
- Median sold price
- $655,000
- Homes sold
- 1,924
- Median days on market
- 26
- Sale-to-list price
- 97.4%
Based on 1,924 recorded sales of commercial properties in Barrie over the last 12 months.
Listed by
ENGEL & VOLKERS TORONTO CITY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,098 sq ft
- Price per sq ft
- $366.03
- Annual property tax
- $12,818
- Tax per sq ft
- $3.13
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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