236 TIFFIN STREET, Barrie (400 North)

$799,000

For sale: Multiplex

Multiplex at 236 TIFFIN STREET, Barrie (400 North)
Property type
Investment
MLS®
MLS® S13670094
Neighbourhood
400 North

Excellent opportunity for investors looking to add a multi-unit income property to their portfolio in a central Barrie location. 236 Tiffin Street is currently configured as a six-unit residential property, offering an established multi-residential setup. Located along the Tiffin Street corridor, the property is well positioned for tenants requiring convenient access throughout the city. The location provides easy connectivity to Highway 400, Essa Road, downtown Barrie, the waterfront and surrounding employment and commercial areas. The nearby Allandale area has also become an increasingly important transportation hub, with the new Barrie Allandale Transit Terminal at Essa Road and Tiffin Street providing local and inter-regional transit connections, together with convenient access to the Allandale Waterfront GO Station. For an investor, the combination of six existing units, a central location and access to major transportation routes creates an attractive opportunity at an accessible price point. The surrounding Tiffin/Allandale corridor includes a mixture of residential, commercial and employment uses, while ongoing planning and redevelopment activity in the broader area may provide additional long-term upside. The property is currently configured and utilized as six residential units; however, the existing zoning does not currently recognize/permit the property as a legal six-unit residential use. Buyers are advised to conduct their own independent due diligence regarding zoning and legal use. Property is sold "as is" . The Seller and Listing Brokerage make no representations or warranties regarding the legality of the existing six-unit configuration. An opportunity for the knowledgeable investor to acquire a six-unit income-producing property in a strategic central Barrie location, with the pricing reflecting the property's current zoning status. Square footage not available, measurement required

Sold data

Multiplex homes in Barrie (400 North) — recent sold market

Multiplex homes in Barrie (400 North) took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 53, across 49 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 92 days.

The median sale price was $699,900.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$699,900
Sale-to-list ratio
95.8%
Sold above asking
8%

Based on 49 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

Schools in Barrie (400 North)

Barrie (400 North) has 49 Fraser Institute–rated schools (39 elementary and 10 secondary), averaging 5.8/10.

Rated schools
49
Elementary
39
Secondary
10
Average rating
5.8 / 10

Top-rated schools in Barrie (400 North)

  • Hewitt's Creek — elementary, BarrieFraser rating 8.7/10
  • Codrington — elementary, BarrieFraser rating 8.0/10
  • Sister Catherine Donnelly — elementary, BarrieFraser rating 8.0/10
  • Roméo Dallaire — secondary, BarrieFraser rating 7.8/10
  • St Catherine of Siena — elementary, BarrieFraser rating 7.6/10
  • Terry Fox — elementary, BarrieFraser rating 7.1/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 236 TIFFIN STREET