$79,999 - 190 Minet's Point Road Unit 8, Barrie
Commercial for Sale in Barrie
Popular Listing- MLS Number
- S13429636
- Property Type
- Commercial
- Status
- active
- Days on Site
- 9
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,110 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- HOME CHOICE REALTY INC.
Fantastic opportunity to own a convenience store in a busy neighborhood plaza with strong visibility, steady foot traffic, and tremendous growth potential. The business currently generates approximately $5,500 in weekly sales, with tobacco accounting for only about 40% of sales, providing ample opportunity to diversify into higher-margin products and services. Additional income streams include approximately $13,000 per year in lottery commissions and approximately $650 per month from ATM and Bitcoin machine revenue. One of the key features of this location is the existing sushi counter and food preparation area, offering an excellent opportunity for a new owner to expand into fresh food, grab-and-go meals, sandwiches, bakery items, coffee, specialty beverages, or other takeout concepts. With the growing demand for convenient food options, this space has the potential to become a significant revenue driver. The store currently operates six days per week and is closed on Sundays, allowing a new owner to increase sales by extending operating hours. There is also potential to introduce beer and wine sales, vape products (subject to obtaining the required licenses and approvals), and other complementary product lines to further increase profitability. The business benefits from very affordable rent of approximately $2,900 per month including TMI and HST, providing stability and peace of mind. Surrounded by residential neighborhoods and established businesses, this is an ideal opportunity for an owner-operator, family business, or entrepreneur seeking a turnkey operation with multiple avenues for growth. With the existing infrastructure in place and significant untapped potential, a motivated buyer can take this business to the next level and substantially increase revenue and profits.
Estimate your monthly payments for this property
Estimated Payment
$410.44/mo
Includes CMHC insurance ($2,232)
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.
190 Minet's Point Road Unit 8, Barrie
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $72/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 9-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Barrie transactions.