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.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
31-50
Total Approx Floor Area:
5000 +
Lot Size:
<.50
Lot Depth:
214'2"65.3 m
Lot Frontage:
92'1"28.1 m
Direction Faces:
North
Bedrooms:
0
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
1
Bedrooms Above Grade:
0
Kitchens Above Grade:
2
Rooms Above Grade:
52
Zoning:
RM2
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Other
Parking Spaces:
18
Total Parking Spaces:
18.0
Family Room:
No
Possession Details:
Flexible
Lot Irregularities:
96.8x214.18x92.05x41.05x1.84x172.88 ft
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$14,569 /
2025
Assessment:
$- /
-
Simcoe
Barrie
Wellington
Other
2 washers, 2 dryers, 42 mini fridges, hot water heater(s)security system of cameras and monitors currently used for surveillance if the subject property
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