166 Collier Street
Codrington, Barrie, L4M 1H7
FOR SALE
$1,249,500
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5
BEDROOMS4
BATHROOMS4
KITCHENS13
ROOMSS12917266
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Property Description
Rare opportunity to own a money making 4-plex in an amazing area of Barrie. The property is fully tenanted, all tenants want to stay and love it here. The property runs smoothly with low maintenance fees. . The NET operating income is approximately $65,000 a year! That's over a 5.2% cap rate. All tenants are amazing and take care of the place. The location is sought after by tenants and this property has had no vacancies for over a decade. (Except when owner was renovating) All units have access to laundry. (One set is shared by 3 units, other unit has it's own). Property has just had a new roof done (June 2025) as well as some new eaves and down spouts. Potential to push back retaining wall at back and add even more value. Come have a look, you won't be disappointed. LA is owner.
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Property Features
Library, Public Transit, Water Softener, Private Double
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Property Details
Address
166 Collier Street
Community
City
Postal Code
L4M 1H7
Property Type
Fourplex, Fourplex
Zoning
RM2
Lot Size
70' x 165'
Taxes
$5,887 (2025
Basement
Partial Basement, Exposed Rock
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Sutton Group Incentive Realty Inc.
Welcome to this beautifully updated, fully tenanted four-plex in the heart of Barrie, an exceptional investment opportunity offering a strong 5.74% cap rate with proven future upside. With neighbouring properties already redeveloped, this asset is ideally positioned to benefit from continued growth and increased property values in the area. Extensively upgraded throughout, Units 2 and 3 have been completely renovated with brand-new bathrooms featuring modern showers, tubs, vanities, and fixtures. The kitchens in these units have also been fully refreshed with new flooring, updated fixtures, and fresh paint, complemented by custom closets and elegant wainscoting that elevate the overall finish. The property also features four private balconies, one for each unit along with a convenient coin-operated laundry facility, enhancing tenant appeal and generating additional income. Meticulously maintained and fully leased, this turn-key four-plex delivers immediate cash flow in a rapidly improving neighbourhood.
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Cash-Flowing 4-Plex in One of Barrie's Most Desirable Investment Locations! This legal 4-plex offers over 4,000 sq. ft. of living space and generates over $60,000 annually in rental income, plus additional income from coin-operated laundry. Featuring three 2-bedroom units and one 1-bedroom unit, this turnkey property is ideal for investors seeking strong cash flow today and future upside tomorrow. Set on an oversized lot with parking for up to 8 vehicles and room to expand, this property offers rare flexibility in the heart of Barrie. The current tenants are reliable, easy to work with, and have a proven history of paying on time or early, making for a smooth ownership transition. A quick closing is available. Located in Barrie's historic Queen's Park neighbourhood, residents enjoy a short walk to downtown, the waterfront, parks, restaurants, shopping, public transit, and the Allandale GO Station. The area is known for its mature trees, historic character, strong rental demand, and convenient access to Highway 400. Whether you're looking to add a proven income-producing asset to your portfolio or capitalize on future development potential, this is the type of investment opportunity that rarely comes available in downtown Barrie.
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