$160,000 - 57 Essa Road Unit A, Barrie
Commercial for Sale in Barrie
New — Listed yesterday- MLS Number
- S13463422
- Property Type
- Commercial
- Status
- active
- Days on Site
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Barrie
- Lot Size
- 10,890 sqft
- Listing Brokerage
- Royal LePage Locations North
Exceptional business opportunity in a prime Barrie location. Situated along high-exposure Essa Road, one of the city's busiest commercial corridors, this established laundromat offers a turnkey operation with an assumable 2 1/2-year lease, including MIT. Well maintained and fully operational, the business features a diverse selection of Maytag commercial washers and dryers, including both oversized and standard units, all installed on new risers to enhance functionality and efficiency.Designed to accommodate both residential and commercial customers, the facility is equipped with a modern security system, automatic timed door locking, change machine, soap dispenser, and multiple customer folding stations. An added revenue stream comes from 52 on-site rental mailboxes, providing consistent supplemental income. The property's full basement significantly expands the business potential. Offering three separate storage rooms, a 2-piece washroom, and a standalone bathtub, this versatile space is ideal for operating or expanding a wash-and-fold service while providing ample room for storage and equipment maintenance.Additional infrastructure includes a commercial-grade AO Smith gas water heater, a dependable furnace, and repair components for efficient servicing of individual machines. Customers benefit from ample parking at both the front and rear of the building. This business-only sale includes goodwill and presents an excellent opportunity for an owner-operator or investor seeking a clean, streamlined operation with established clientele and room for future growth. Further enhancing the long-term outlook, the City of Barrie is currently investing in significant infrastructure improvements throughout the surrounding area. A rare chance to acquire a thriving, income-generating business in a high-visibility location.
Estimate your monthly payments for this property
Estimated Payment
$820.88/mo
Includes CMHC insurance ($4,464)
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.
57 Essa Road Unit A, Barrie
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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
Commercial property values in Barrie are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
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.