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Listed 18 days ago

19 Centre Street

Allandale, Barrie

$1,300,000

Detached|2-Storey
5 | 4 | 12
About this home

Exceptional Allandale Investment Opportunity - Multi-Unit Property with Strong Income Potential. Welcome to 19 Centre Street, a unique and versatile income-producing property in the heart of Barrie's sought-after Allandale neighbourhood. Ideally positioned between Highway 400 and Barrie's beautiful waterfront, this property offers an incredible combination of residential income, commercial-style storage/workspace, and future flexibility. The property features multiple self-contained residential units, including a comfortable 3-bedroom main residence, plus two spacious 1-bedroom apartments. Each unit offers its own entrance, kitchen and laundry, providing privacy for tenants and an attractive setup for investors. Adding even more value is the impressive 2-bay warehouse/garage, complete with high ceilings, a 2-piece bathroom and dedicated office space. Whether used for storage, a home-based business, workshop or additional income potential, this expansive space provides flexibility rarely found in an in-town residential property. Outside, there is ample parking for residents, guests, vehicles and additional equipment. The property's location puts you close to the waterfront, downtown Barrie, shopping, restaurants, schools, transit and major commuter routes. Whether you're an investor looking to expand your portfolio, an owner-occupier wanting rental income to offset expenses, or someone seeking a property with multiple possibilities, 19 Centre Street presents an exceptional opportunity in a prime Barrie location. Live in one unit, generate income from the others, and make the most of the additional warehouse space - the possibilities are truly impressive.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$7,962
Lot Size103.87 ft x 105.14 ft
mls© NumberS13737850
Listed ByKELLER WILLIAMS EXPERIENCE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,654
Property tax
$664
Heat allowance
$150
Housing costs
$7,468 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $260,000
25-yr amortization

Income needed

$230,000

gross annual household income

Payment at 4%
$5,471 / mo
Cash down
$260,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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