$1,550,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 11Bathrooms: 6Lot: 67.78 x 152.29 ft
2025 Taxes: $12,818

151 Cumberland St
Barrie, ON L4N 2P9 | Allandale | Simcoe

Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX.Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6.Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. 12-month financials available upon request. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.
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Listed By ENGEL & VOLKERS TORONTO CITY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S13112254
Last Updated May 13, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 587440157
Legal Description LT 6 N/S CUMBERLAND ST PL 40 ALLANDALE; BARRIE
Possession Date TBA
Taxes (2025) $12,818
Directions/Cross Streets Bayview & Burton
Neighbourhood Allandale
Area Simcoe
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 11
Bathrooms 6
Lot 67.78 x 152.29 ft
Exterior Brick
Air Conditioning None
Basement Apartment
Garage Type None
Parking Spaces 6
Heat Source Other
Heat Type Radiant
Sewers Sewer

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