19, Dunlop, City Centre, Barrie, Commercial

Description

Commercial Investment For Sale.

Welcome to Dunlop Apartments. This is a solid concrete top to bottom walk up rental building containing 15 large one bedroom suites and a sub basement commercial space of around 2200 sf which is now vacant and in shell condition. The building has double glazed windows, brick exterior and flat roof. There are two front entrances - one for the residential and one for the commercial. There is onsite laundry and lockers in the basement. The site is at the "5 Points" and walking distance to the lake and the commercial core. Tenants pay hydro and gas. Plus 15 foot ceilings. Potential add a loft style bedroom to each suite making rental upside over 30% here. Common areas all painted and upgraded. Asking price is a 5.5% cap. Great first time buyer building with low maintenance, great location and rental upside.

Cross Street: Dunlop Bayfield

Business Name: Dunlop Apartments