166 Collier Street, Barrie, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Codrington. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,149,500 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 70 x 165 ft lot
- Features a partial basement, exposed rock basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Rare opportunity to own a money making 4-plex in an amazing area of Barrie. The property is fully tenanted, all tenants want to stay and love it here. The property runs smoothly with low maintenance fees. . The NET operating income is approximately $65,000 a year! That's over a 5.2% cap rate. All tenants are amazing and take care of the place. The location is sought after by tenants and this property has had no vacancies for over a decade. (Except when owner was renovating) All units have access to laundry. (One set is shared by 3 units, other unit has it's own). Property has just had a new roof done (June 2025) as well as some new eaves and down spouts. Potential to push back retaining wall at back and add even more value. Come have a look, you won't be disappointed. LA is owner.
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Pricing & Value Insights
Data-driven valuation for 166 Collier Street, Barrie, ON L4M 1H7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Barrie, ON
For a property listed at $1,149,500 in Barrie, the legal minimum down payment is $229,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $19,465 for this transaction. As this listing is in Barrie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $19,465.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.