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.
Address
24 North Street N
List Price
$2,588,888
MLS® Status
Extension
Expiration Date
2026-07-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Barrie
Sub-Area
Wellington
Region
Simcoe
Bathrooms
6
Lot Depth
214.18
Lot Type
Lot
Lot Irregularities
96.8x214.18x92.05x41.05x1.84x172.88 ft
Lot Size Units
Feet
Lot Width
92.05
Parcel Number
588150039
Total Building Area
17000
Occupant Type
Tenant
Cross Street
NORTH ST/GORVE ST
Approx. Age
31 - 50 Years
MLS® Number
S12251628
Listing Brokerage
CENTURY 21 B.J. ROTH REALTY LTD.
Postal Code
L4M 2R9
Posession Details
Flexible
Parking Spaces
18
Tax Amount
$14,569.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Baseboard
Cooling Features
No
Garage Type
None
Kitchens Total
3
Tax Legal Description
PT LT 1 N/S NORTH ST PL13 AKA PL114 BARRIE;PT LT2 N/S NORTH ST PL13 AKA PL114