$849,900
For sale: Other

Prime Downtown Barrie Mixed-Use Investment Opportunity! Exceptional opportunity to own a landmark commercial property in the heart of Downtown Barrie, just steps to Kempenfelt Bay, boutique shopping, restaurants, entertainment, and the city's vibrant waterfront. This well-maintained mixed-use building offers excellent investment potential with multiple income opportunities.The main floor features approximately 1,848 sq. ft. of commercial space, home to a long-established and successful Italian restaurant, benefiting from outstanding street exposure and consistent pedestrian traffic. The lower level offers approximately 1,344 sq. ft. of storage space and public washrooms, providing valuable support for the commercial operation. The second floor consists of a spacious 1,344 sq. ft., owner-occupied two-bedroom apartment, ideal for owner occupancy or additional rental income.Situated on the west side of Mulcaster Street and zoned C1-1 Commercial, the property permits a wide range of commercial, retail, office, service, and mixed-use uses. Located in one of Barrie's most desirable downtown locations, this property is surrounded by year-round events, waterfront trails, marinas, restaurants, and shopping, with convenient access to Highway 400 and GO Transit. A rare opportunity to acquire a high-profile mixed-use property in Barrie's thriving downtown core.
Sold data
Homes in City Centre took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 24 days and the slowest quarter taking more than 74, across 74 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 115 days.
The median sale price was $529,450.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 74 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Barrie (City Centre) has 49 Fraser Institute–rated schools (39 elementary and 10 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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