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Investment signal

$1,150,000

22 CAROLINE STREET

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Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Barrie (Allandale Centre). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime Land Assembly Development in Barrie. Offering three contiguous properties 22, 26 & 28 Caroline Street totaling approx. 32,214 Square Feet of Land. All three properties must be purchased together as a package. Exceptional investment and development opportunity in the heart of Barrie's urban core & Transportation Corridor. Directly backing onto a development on Jacobs Terrace featuring two approved buildings. This assembly has already completed a Pre-Consultation process with City Planners and includes a conceptual rendering that aligns with Barrie's current Official Plan parameters positioning this site as a turnkey opportunity for developers. Rental income totaling $10,000 plus monthly. With growing demand for intensification in central Barrie and nearby projects moving ahead, this is your chance to secure a footprint in one of the city's most transformative areas. Don't miss this rare chance to invest in Barrie's future. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: Allandale Centre
Living area: 2,024 square feet
Lot dimensions: 64.9 x 200.17 FT
On market: Apr 16, 2026
Status changed: Apr 17, 2026
Annual tax: $7,511 (2025)
Zoning: RM4
Photos: 7
MLS#: S13006642
Area: BARRIE_(ALLANDALE_CENTRE)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$1,244/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.49%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,059

Financing

Down payment$230,000

Loan amount$920,000

Mortgage$4,662/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$527

Insurance$80

Maintenance$958

CapEx reserve$479

Vacancy loss$288

Estimates 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.

Mortgage estimate

Estimated $4,662/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.