$2,588,888Asking Price
24 North Street N, Barrie, ON L4M 2R9
Wellington, Barrie
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
See MoreKey Info
- 2-Storey Multiplex
- 4+ Parking
- No Garage
- NORTH ST/GROVE ST E
- 5000 + Approximate Sq Feet
- 31-50 Years Approximate Age
- No Ensuite Laundry
- Baseboard Electric Heating
- A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $14,569 in 2025
- Possession: Flexible
Details
- Brick/Vinyl Siding Exterior
- No Fireplace
- 3 + 1 Kitchens
- MLS #S12251612
- CENTURY 21 B.J. ROTH REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 6 3-Piece Bathrooms | |||
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Who lives here?
Wellington, Barrie is a north GTA neighbourhood notable for its singles, renters and salespeople. Residents tend to be older with a significant number of adults aged 25 to 39, 25 to 39 and 25 to 39 and seniors aged 65 to 69.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
55%
of residents are
single and loving it.
55% singles
Barrie (46%)Renters
46%
of residents
are renters.
46% renters
Barrie (30%)Education
22%
of residents are
university grads.
22% university grads
Barrie (23%)Income
Average Household Income
$83K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 19% |
| Trades | 10% |
| Business | 8% |
| Government | 8% |
| Management | 5% |
Immigrants
8%
of residents were
born outside of Canada.
8% immigrants
Barrie (13%)Birthplace - All
2.7% from UK
All-time
Birthplace - Recent
0.2% from South Korea
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| Polish | 1% |
| Gujarati | 1% |
| Spanish | 1% |
| Hindi | 1% |
Religions
Religions
| Christian | 60% |
| Muslim | 1% |
| Jewish | 1% |
| Buddhist | 1% |
