124 Maple Avenue, Barrie, Ontario

Multiplex For Sale - Unit #4 For Lease

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Purpose built 5-plex with views of Lake Simcoe. 5 x 2 Bedroom Units with Identical Floor Plan.

Unit #4 renovated May 2023 & currently vacant. 

The 3D tour shows unit #4 and the shared stairs between the units.

***Huge potential for high cap rate & future development.***

This property falls with the Strategic Growth Area in Barries' new official plan, encouraging urban infill with higher density residential along this corridoor. Strategic Growth Areas (SGAs) are intended as focal points and long-term centres of residential growth, commerce, jobs, and social interaction. 

*Approximate Market Rent for 2 Bedroom= $2,400-2,900/month

Solid Purpose Built Legal Fourplex With 5th Basement Unit. Fantastic Location, Walking Distance To Downtown And Water Front. 5 X 2 Bedroom Units, All W/ Idential Floor Plans, Recent Updates, Separate Hydro Meters (Except Bsmt Unit) & Lockers For Each Unit. 5-6 Car Parking, Common Area W/Recent Updates As Well, Coin-Op Laundry, Roof 2018, Recently Paved Driveway. Great Upside Potential On Future Rents & Future Development Location (Lake Simcoe Views).