37 Donald Street, Barrie, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Queen's Park. Expertly crafted featuring premium concrete and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,128,000 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.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 68.62 x 89.98 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Brick & Beam, Separate Heating Controls, Separate Hydro Meter
- equipped with wall unit(s) central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully updated, fully tenanted four-plex in the heart of Barrie, an exceptional investment opportunity offering a strong 5.74% cap rate with proven future upside. With neighbouring properties already redeveloped, this asset is ideally positioned to benefit from continued growth and increased property values in the area. Extensively upgraded throughout, Units 2 and 3 have been completely renovated with brand-new bathrooms featuring modern showers, tubs, vanities, and fixtures. The kitchens in these units have also been fully refreshed with new flooring, updated fixtures, and fresh paint, complemented by custom closets and elegant wainscoting that elevate the overall finish. The property also features four private balconies, one for each unit along with a convenient coin-operated laundry facility, enhancing tenant appeal and generating additional income. Meticulously maintained and fully leased, this turn-key four-plex delivers immediate cash flow in a rapidly improving neighbourhood.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Brick & Beam, Separate Heating Controls, Separate Hydro Meter, Storage, Storage Area Lockers, Sump Pump
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 37 Donald Street, Barrie, ON L4N 1E4
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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 $1,128,000 in Barrie, the legal minimum down payment is $225,600 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 $19,035 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 $19,035.
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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.