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
5000 + sqft
Parking for 18
North Facing
Zoning: RM2
MLS®#:
S12251612
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Simcoe
Community:
Wellington
Taxes:
$14,569 / 2025
Added:
June 28 2025
Lot Frontage:
92.05
Lot Depth:
214.18
Status:
Active
Outside:
Brick,Vinyl Siding
Year Built:
31-50
Basement:
None
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/GROVE ST E
Rooms:
Bedrooms:
Studio
Bathrooms:
6
Fireplace:
Utilities
Water:
Municipal
Cooling:
Other
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. High Income Potential: The property is currently 65% occupied, providing immediate cash flow with the opportunity to increase rental income by filling the remaining units.
  2. Ideal for Student Housing: Its layout and proximity to the college make it a prime candidate for student rentals, tapping into a consistent demand for housing in the area.
  3. Ample Parking Space: With 18 total parking spaces available, the property can accommodate a large number of tenants, enhancing its attractiveness to potential renters.

Sale/Lease History of 24 North Street N

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Neighborhood Overview

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Wellington home prices

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Insights for 24 North Street N

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)