89 Donald Street
Queen's Park, Barrie, L4N 1E6
FOR SALE
$1,140,000

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7
BEDROOMS4
BATHROOMS2 + 2
KITCHENS10 + 9
ROOMSS13553000
MLSIDContact Us
Property Description
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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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2020-03-11 | 2020-03-14 | 3 | $799,000 | $830,000 |
Nearby Intersections
Property Features
School Bus Route, Public Transit, Library, Golf, Fenced Yard, Water Heater, Smoke Detector
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Property Details
Address
89 Donald Street
Community
City
Postal Code
L4N 1E6
Property Type
Fourplex, Fourplex
Lot Size
66' x 176'
Taxes
$8,414 (2025
Basement
Finished, Full, Apartment
Heat Type
Baseboard
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Exp Realty
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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