49 MARY STREET, Barrie (City Centre)

$1,399,900

For sale: Other

Property type

Commercial Retail

MLS®

MLS® S13415868

Neighbourhood

City Centre

Positioned in a high-traffic downtown Barrie location just steps from the Five Points intersection, this well-maintained property holds a strategic Central Area Commercial (C1-1) zoning designation. Capitalizing on its prime downtown footprint, the building features three distinct, active revenue streams, making it a highly adaptable asset for investors, multi-tenant leasing strategies, or business owners intending to operate and live on-site. The main level features a fully operational restaurant space that takes direct advantage of substantial pedestrian traffic and excellent street-level visibility with great patio.. The upper level is configured into two independent residential units operating as established short-term rentals, with each unit featuring private balcony access and panoramic city views. Rare for the downtown core, the property includes dedicated on-site parking to accommodate both retail clientele and overnight residential guests. Offered furnished to ensure an uninterrupted operational transition, the building has benefited from consistent capital maintenance. Mechanical and structural updates include a newer roof, furnace, and central air conditioning system. The robust C1-1 zoning framework secures long-term land utility, permitting a diverse range of future commercial and high-density residential combinations, permits wide-ranging uses including retail stores, offices, personal service establishments, banks, and restaurants, alongside upper-floor multi-residential dwelling units.