$1,799,990 - 72 High Street, Barrie
Multi-Family for Sale in Barrie
103 days on market- MLS Number
- S12542790
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 103
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- KELLER WILLIAMS EXPERIENCE REALTY
A heritage landmark in the heart of Barrie ready for its next chapter: professional, residential, or mixed use. Unlock the potential of this iconic 5,500+ sq ft property-perfectly positioned near Barrie's waterfront, vibrant downtown & the expanding Lakehead University STEM Hub in fall of 2026. With exceptional visibility in a high-traffic area, this versatile property offers unmatched opportunities for living, working & investing. Whether you're an entrepreneur, investor, or professional, this is your chance to secure a prestigious address that delivers both lifestyle & income potential. Step inside to discover a beautifully renovated/restored space blending historic charm with modern upgrades. Soaring 11-ft ceilings, freshly painted interiors, curated finishes & flexible layouts make this property ideal for a variety of uses-professional offices, wellness or medi-spa services, boutique retail or even live-work conversions. Generate additional income with two stunning self-contained suites. The renovated two-bedroom, two-bath unit features contemporary finishes, in-suite laundry & an open-concept living area-perfect for long-term tenants. The luxurious short-term rental suite impresses with a gourmet kitchen, granite countertops, vaulted ceilings, a fireplace, and a bathroom with a soaking tub and double vanity-ideal for Airbnb or executive rentals. Recent upgrades include dual high-efficiency furnaces, two new A/C units, updated electrical, newer shingles, a regraded paved driveway with parking for 12 vehicles. The exterior showcases restored brickwork, a repainted façade & an upgraded balcony. Conveniently located steps from shops, dining, transit, parks & schools. With flexible zoning, extensive updates & built-in income potential. This is a rare investment opportunity to own a property that seamlessly combines historic elegance, modern functionality & endless earning possibilities-right in the heart of Barrie's thriving commercial & residential core.
Estimate your monthly payments for this property
Estimated Payment
$7,961.96/mo
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.
72 High 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 $360/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 103 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 6 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 $7,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.