$724,900 - 155 B Cumberland Street, Barrie
Multi-Family for Sale in Barrie
105 days on market- MLS Number
- S12852956
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 105
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RE/MAX HALLMARK CHAY REALTY
LEGAL DUPLEX - Outstanding opportunity to own a very large, well maintained, perfectly laid out legal duplex in a prime location. If you're an investor looking to add the perfect piece to your portfolio or a first time buyer looking to break into the housing market this home is for you. With nearly 3000 sq ft of finished living space this duplex is HUGE compared to most others on the market. Unit #1 is over 1600 sq ft and features 3 bedrooms and 2 full baths. This unit is spread out over the main floor of the home and the basement and also has its own laundry and direct access to the large back yard. Unit #2 is over 1300 sq ft and features 3 bedrooms and 1 bath. This unit is located on the second level of the home and also has its own laundry and a large balcony which overlooks lake Simcoe. The large two car garage is shared between the units and provides tons of additional storage for each. Both units are separately metered and tenants pay their own hydro. For first time buyers or those looking for a "mortgage helper" this is a fantastic opportunity to occupy one unit and rent the other. Both units are large and in great condition so you are not sacrificing on space or functionality. This property is exceptionally well maintained and has had plenty of recent mechanical improvements in the last 5 years making it a turn-key investment or a terrific live/rent scenario. Located in an outstanding, tenant friendly location - walking distance to Allandale GO station, Barrie's stunning waterfront and downtown. Close to public transportation, highway access, parks, schools, and shopping/dining.
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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.
155 B 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 $362/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 105 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.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Barrie.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,020 (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.