This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location.
Address
24 North Street N
List Price
$2,588,888
MLS® Status
Extension
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Barrie
Sub-Area
Wellington
Region
Simcoe
Rooms Above Grade
52
Bathrooms
6
Floor Area
5000 + Sq. Ft.
Lot Depth
214.18
Lot Irregularities
96.8x214.18x92.05x41.05x1.84x172.88 ft
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
92.05
Parcel Number
588150039
Occupant Type
Tenant
Cross Street
NORTH ST/GROVE ST E
Approx. Age
31 - 50 Years
MLS® Number
S12251612
Listing Brokerage
CENTURY 21 B.J. ROTH REALTY LTD.
Basement Area
None
Postal Code
L4M 2R9
Posession Details
Flexible
Parking
Other
Parking Places (Total)
18
Parking Spaces
18
Tax Amount
$14,569.00
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Other
Construction Materials
Brick, Vinyl Siding
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 1 N/S NORTH ST PL13 AKA PL114 BARRIE;PT LT2 N/S NORTH ST PL13 AKA PL114
Waterfront
No
Sewer
Sewer