$1,550,000Asking Price
151 Cumberland Street, Barrie, ON L4N 2P9
Allandale, Barrie
Prime multifamily investment opportunity overlooking Kempenfelt Bay, just steps from the Allandale Waterfront GO Station and minutes toDowntown Barrie. This rare purpose-built 6-unit building offers a turnkey, low-maintenance asset ideal for long-term ownership, with good income and significant rental upside. Some rents below-market with excellent future upside with Tenant turnover. The property features consistent revenue streams from residential tenancies along with additional income from new on-site coin laundry facilities. Numerous recent capital improvements help minimize immediate CAPEX requirements for the incoming investor, and 12-month financials are available upon request. Generous lot with ample parking, this property is perfectly positioned in a high-demand rental area on a quiet cul-de-sac style street with low vacancy rates and consistent tenant demand.Residents enjoy walking access to Kempenfelt Bay, waterfront parks, Downtown Barrie shops and dining, plus convenient access to Highway400 for commuters.
Prime multifamily investment opportunity overlooking Kempenfelt Bay, just steps from the Allandale Waterfront GO Station and minutes toDowntown Barrie. This rare purpose-built 6-unit building offers a turnkey, low-maintenance asset ideal for long-term ownership, with good income and significant rental upside. Some rents below-market with excellent future upside with Tenant turnover. The property features consistent revenue streams from residential tenancies along with additional income from new on-site coin laundry facilities. Numerous recent capital improvements help minimize immediate CAPEX requirements for the incoming investor, and 12-month financials are available upon request. Generous lot with ample parking, this property is perfectly positioned in a high-demand rental area on a quiet cul-de-sac style street with low vacancy rates and consistent tenant demand.Residents enjoy walking access to Kempenfelt Bay, waterfront parks, Downtown Barrie shops and dining, plus convenient access to Highway400 for commuters.
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- Bayview & Burton
- 3500-5000 Approximate Sq Feet
- No Ensuite Laundry
- Radiant
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $12,818 in 2025
- Possession: TBA
Details
- Brick Exterior
- No Fireplace
- 6 Kitchens
- MLS #S13112254
- ENGEL & VOLKERS TORONTO CITY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 6 4-Piece Bathrooms | |||
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Who lives here?
Allandale, Barrie is a north GTA neighbourhood notable for its singles, renters, university grads, education, law & public sector professionals, salespeople and tradespeople. Residents tend to be older with a significant number of adults aged 30 to 34, 30 to 34, 30 to 34 and 30 to 34 and seniors aged 65 to 74.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
52%
of residents are
single and loving it.
52% singles
Barrie (46%)Renters
50%
of residents
are renters.
50% renters
Barrie (30%)Education
26%
of residents are
university grads.
26% university grads
Barrie (23%)Income
Average Household Income
$88K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 19% |
| Trades | 13% |
| Government | 9% |
| Business | 6% |
| Management | 5% |
Immigrants
10%
of residents were
born outside of Canada.
10% immigrants
Barrie (13%)Birthplace - All
3.7% from UK
All-time
Birthplace - Recent
0.8% from UK
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| German | 1% |
| Polish | 1% |
| Italian | 1% |
| Spanish | 1% |
Religions
Religions
| Christian | 60% |
