74 High Street E, Barrie, ON L4N 1W4
$2,900,000
$2,900,000
MLS®#:
S12923442
Property Type:
Investment
Property Style:
Area:
Simcoe
Community:
Queen's Park
Taxes:
$10,760 / 2025
Added:
March 26 2026
Lot Frontage:
66.3
Lot Depth:
177.16
Status:
Active
Outside:
Year Built:
Brokerage:
CUSHMAN & WAKEFIELD
Lot :

177

66

BIG LOT

Intersection:
Park and High Street
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
Gas Hot Water
Heating Fuel:

Listing Details

The offering presents the opportunity to acquire a 100 percent freehold interest in 74 High Street, Barrie, Ontario (the "Property" or the "Site"). The Property offers investors the rare opportunity to acquire a value-add multi-family character apartment building assets in the Allandale neighborhood. The Property consists of 20 apartment units with a stabilized net operating income of approximately $184,635 in Year One. The asset provides meaningful near-term revenue growth potential as current in-place rents trail market levels across the suite mix. The Property is also subject to an affordability agreement with the County of Simcoe, which includes a $532,000 Ministry loan and a 20-year affordability term. The asset entered its Phase-Out Period in 2023, during which vacant units may be re-leased at market rents, with full market reversion upon expiry of the agreement in 2028. 74 High Street Property Specific Details Lot Size: 12,001.75 ft Frontage: 67.92 ft Depth: 177.16 ft Taxes: $10760 (2025).

Insights

  1. Strong Revenue Potential: The property has a stabilized net operating income of approximately $184,635 in Year One, with significant potential for revenue growth as current rents are below market levels.
  2. Value-Add Opportunity: This multi-family character apartment building in the desirable Allandale neighborhood offers a unique chance for investors to enhance property value through strategic renovations and rent adjustments.
  3. Favorable Affordability Agreement: The property is currently in a Phase-Out Period, allowing for the re-leasing of vacant units at market rents, with full market reversion expected by 2028, providing a clear timeline for maximizing rental income.

Neighborhood Overview

Complete neighborhood profile for 74 High Street E

Queen's Park home prices

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