89 Donald Street, Barrie, ON L4N 1E6
- $1,140,000
- 7
- BD
- 4
- BA
- 3,500
- SqFt
- List Price
- $1,140,000
- MLS#
- S13553000
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- Bungalow-Raised
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Barrie
- Area
- Simcoe
- Neighborhood
- Queen's Park
- Subdivision
- Anne St And Donald St
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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Additional Information
- Taxes
- $8,414
- Water
- Water System
- Heat Type
- Baseboard
- Heat Source
- Gas
- Air Conditioning
- Other
- Family Room
- Yes
- Kitchens
- 4
- Exterior
- Brick
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 8
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Listing courtesy of EXP REALTY.