$699,900 - 89 Toronto Street, Barrie
Detached for Sale in Barrie
64 days on market- MLS Number
- S13006008
- Property Type
- Detached
- Status
- active
- Days on Site
- 64
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Power of Sale with an Excellent INVESTMENT OPPORTUNITY for Investors & Renovators in the heart of Downtown Barrie. Prime mixed-use property offering exceptional flexibility for investors and business owners. The main floor features a highly visible, street-facing commercial space with outstanding exposure, ideal for professional offices, retail, medical, dental, salon services, restaurant use and more. This property is Zoned **C2-1Commercial** allowing for a wide variety of permitted uses. At the rear of the main floor, a self-contained 1-bedroom unit with a large bathroom provides an additional income stream. On the 2nd floor you will find a spacious 2-bedroom, 1-bath apartment complete with separate laundry and perfect for additional rental income or owner occupancy. Private backyard access offers separate entrances to both residential units, along with a fenced-in patio area and green space. Ample rear parking adds convenience for tenants, customers, or clients, while additional street parking is readily available. Located steps to downtown amenities and directly across from Queens Park. This property offers unmatched visibility with excellent exposure and accessibility. Live in one unit and operate your business below or lease out both residential units while running your enterprise, or fully maximize income potential. A rare opportunity to own a versatile commercial-residential asset in a high-traffic location. No Warranties or Representation property being sold Under Power Of Sale.
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/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.
89 Toronto 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 $467/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 64 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.
Detached Home Advantages
Detached homes in Barrie are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.