24 North Street N, Barrie, ON L4M 2R9
$2,588,888
$2,588,888

24 North Street N

Wellington, Barrie, Simcoe $2,588,888

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Studio
6 Baths
Parking for 18
Zoning: RM2
MLS®#:
S12251628
Property Type:
Investment
Property Style:
Area:
Simcoe
Community:
Wellington
Taxes:
$14,569 / 2025
Added:
June 28 2025
Lot Frontage:
92.05
Lot Depth:
214.18
Status:
Active
Outside:
Year Built:
31-50
Brokerage:
CENTURY 21 B.J. ROTH REALTY LTD.
Lot :

214

92

BIG LOT

Lot Irregularities:
96.8x214.18x92.05x41.05x1.84x172.88 ft
Intersection:
NORTH ST/GORVE ST
Rooms:
Bedrooms:
Studio
Bathrooms:
6
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
Baseboard
Heating Fuel:

Listing Details

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.

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

Insights

  1. New Construction: Built in 2025, this property offers modern amenities and design, reducing the need for immediate renovations or repairs.
  2. Investment Potential: With a listing price of $2,588,888 and a total of 6 bathrooms, this commercial property is well-suited for various business opportunities, potentially generating significant rental income.
  3. Prime Location: Situated in the Wellington community of Barrie, this property benefits from a desirable location that can attract customers and clients, enhancing its investment value.

Neighborhood Overview

Complete neighborhood profile for 24 North Street N

Wellington home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Wellington
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)