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Beds
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Baths
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Sqft
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Year
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Type
Retail
On market
28d
An exceptional investment opportunity awaits in the heart of Barry's Bay with this centrally located mixed-use commercial and residential property, offering a rare combination of immediate income, long-term stability, and future development potential. The property encompasses three main-floor commercial units and three residential units, creating an ideal turnkey operation with diversified revenue streams. Above, the second level features two well-appointed 2-bedroom, 1-bathroom residential units, while the lower level offers a cozy 1-bedroom, 1-bathroom unit, complete with abundant storage throughout, enhancing functionality and tenant appeal.Further strengthening the value of this offering is an additional vacant lot at the rear of the property, providing flexibility for extra parking or future expansion (subject to municipal zoning and approvals). Built on a solid foundation and operated efficiently, this property represents a secure and economical investment in a growing Ottawa Valley community. Enjoy the convenience of being just steps from shops, services, health care, and everyday amenities, with Kamaniskeg Lake and its four-season recreational opportunities only minutes away. As Barry's Bay continues to experience steady residential and commercial growth driven by tourism, local business, and community investment, this property stands out as a strategic opportunity for investors seeking both stability and upside potential.Minimum 24 hours' notice required for showings. 48-hour irrevocable on all offers. Pls note that two of the commercial units on the main have changed over and now occupied by new tenants. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.91%
Cap rate
3.48%
GRM
16.7
Break-even rent
$3,572
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Madawaska Valley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.