$2,588,888
24 NORTH STREET N
Beds
—
Baths
6
Sqft
—
Year
—
Location
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Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location. (id:65958)
- Subtype
- Business
- Community
- Wellington
- Living area
- 17,000 square feet
- Lot dimensions
- 92.05 x 214.18 FT ; 96.8x214.18x92.05x41.05x1.84x172.88 ft
- Parking
- 18 total
- On market
- Jun 28, 2025
- Status changed
- Apr 14, 2026
- Annual tax
- $14,569
- Zoning
- RM2
- Photos
- 50
- MLS#
- S12251628
- Area
- BARRIE_(WELLINGTON)
Features and systems
Appliances
Heating
Cooling
Cash on cash
-11.37%
Cap rate
3.62%
GRM
16.7
Break-even rent
$18,114
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Barrie (Wellington). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.