166 Collier Street Barrie, Ontario L4M 1H7

$1,249,500

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. . The NET operating income is approximately $65,000 a year! That's over a 5.2% cap rate. 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:55460)

Property Details

MLS® Number	S12917266
Property Type	Multi-family
Community Name	Codrington
Amenities Near By	Public Transit
Equipment Type	Water Heater
Parking Space Total	5
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Bedrooms Above Ground	5
Bedrooms Total	5
Appliances	Water Softener, Dryer, Stove, Two Washers, Refrigerator
Basement Type	Partial
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	165 Ft
Size Frontage	70 Ft
Size Irregular	70 X 165 Ft
Size Total Text	70 X 165 Ft
Zoning Description	Rm2

Utilities

Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/29511901/166-collier-street-barrie-codrington-codrington