87 Mary St

FOR SALE
$1,050,000
Expired
$0
87 Mary St, Barrie
87 Mary St
87 Mary St
87 Mary St
87 Mary St
87 Mary St
87 Mary St
87 Mary St
87 Mary St
87 Mary St
4
BEDROOMS
3
BATHROOMS
3
KITCHENS
13
ROOMS
S5797774
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-10-17 2022-12-17 61 $1,050,000 - Expired
2022-03-10 2022-03-17 6 $899,900 $980,000 Sold
Property Description
Incredible Opportunity To Own This Income Producing Legal Residential Triplex In The Heart Of Barrie's Professional District And Just Blocks From The Beach. Either Maintain The Residential Units & Rent Out The Extra Parking For Increased Income Or Open Your Business Here. Excellent Location For Professionals Of All Kinds, Incl Lawyers, Architects, Medical, Financial, Etc. Possibility Of Developing Unfinished 3rd Level To Increase 3rd Unit Size Or Add An Additional Unit. Each Unit Is Separately Metered For Hydro, Main & Upper Unit Separately Metered For Gas; Each Have Their Own Furnace. Tenants Pay Their Own Hydro And Gas. New Roof With 40 Year Shingles Installed In 2019. Buyer To Assume Tenants. No Vacant Possession. Coin Operated Washer And A Dryer Onsite. All Standard Appliances Incl.
Extras
3 Stove, 3 Fridges, 1 Built In Microwave Range, 1 Coin Washer, 1 Dryer
Property Features
Beach, Lake/Pond, Park, Place Of Worship, Public Transit
Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
55' x 102'
Fronting
East
Taxes
$5,295 (2022)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Available
Garage Type
None
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Multi-residential opportunity with tons of Victorian charm on a huge 71' X 164' lot in the heart of Barrie with some very interesting options to consider. Currently the building is recognised as a triplex however the property has been approved to be reconfigured to up to 6 units! Layouts for new configuration available on request and the buyer must conduct their own due diligence relating to any and all costs associated in making any unit count changes. In a city where more people need more rental units, this property is a prime example of a gem with a potential to play out a core real estate principle of highest and best use!
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