166 Collier Street Barrie, Ontario

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. Rents are as follows: Main Floor Studio: $1429, Main Floor 2-bed: $2000, Upper 1 Bed: $1500 and other upper 1-Bed: $1740. All rents are inclusive. Monthly heating, hydro and water average: $480, insurance: $275. The NET operating income is approximately $65,000 a year! 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. (id:4555)