$699,888 - 121 Cumberland Street, Barrie
Multi-Family for Sale in Barrie
70 days on market- MLS Number
- S12984002
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 70
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- CENTURY 21 B.J. ROTH REALTY LTD.
Welcome to 121 Cumberland Street located in the desired prime location in Barrie. The home is located in a mature neighborhood that is situated a short walk to the beach and VIEWS of Lake Simcoe. Mins to the NEW Bus/GO station and the downtown core. This home is a registered legal second suite that offers many options. Can be used as an income producing property, put a tenant in the basement to help offset the monthly expenses, or use as a multi-generational home. The property is tastefully landscaped and the home offers a lovely front porch. As you walk in, the windows are flooded with sunshine and the home offers an open concept spacious layout. You have the view of Lake Simcoe through your windows and rear deck. On the main floor, there are two spacious bedrooms, a 4-piece bathroom, a large updated kitchen, and a living room/dining room combined. The basement offers a separate entrance through the sun room above grade, and the kitchen, two bedrooms, a bathroom, and a living room/dining room combined in the basement. Two Hydro Meters. Large fully fenced rear yard with a rear wood deck. A Must See!
Estimate your monthly payments for this property
Estimated Payment
$3,590.79/mo
Includes CMHC insurance ($19,527)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Barrie
Barrie is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Barrie
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Barrie offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
121 Cumberland Street, Barrie
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $636/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 70 days on site, this property has exceeded the typical selling timeline for Barrie. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Barrie. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.