Description
Welcome to 37 Donald Street - a beautifully updated, fully tenanted four-plex in the heart of Barrie. An exceptional investment offering a strong cap rate, immediate cash flow, and proven future upside. 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 been fully refreshed with new flooring, updated fixtures and fresh paint, complemented by custom closets and elegant wainscoting that elevate the overall finish. Each of the four units enjoys its own private balcony, and an on-site coin-operated laundry facility adds tenant appeal along with a second stream of income. The location is already moving. Neighbouring properties have been redeveloped, positioning this asset to benefit from continued growth and rising values. So is the operating environment. Ontario's 2026 amendments to the Residential Tenancies Act are compressing timelines at the Landlord and Tenant Board - shorter arrears notice periods, tighter hearing procedures and a reduced review window - meaningfully lowering the carrying risk investors have shouldered in recent years. And for the buyer with a longer horizon: the fifth-unit threshold is where CMHC's MLI Select program begins, offering qualifying multi-unit properties up to 95% loan-to-value and amortizations as long as 50 years. Buyers are encouraged to satisfy themselves as to zoning, permitting and program eligibility. Meticulously maintained and fully leased, this turn-key four-plex delivers day-one returns in a rapidly improving neighbourhood.
Details
| MLS # | S13786548 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 10 |
| Listing Provided By | ANALYST REALTY INC. | S13786548 331300 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.14 |
Interior
| Interior Features | Brick & Beam, Separate Heating Controls, Separate Hydro Meter, Storage, Storage Area Lockers, Sump Pump |
|---|---|
| Cooling | Wall Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Concrete, Stucco (Plaster) |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Mutual |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6683.16 |
|---|---|
| Tax Legal Description | PT LT 9 S/S DONALD ST BLK B PL 27 BARRIE; PT LT 10 S/S DONALD ST BLK B PL 27 BARRIE AS IN RO1356999; BARRIE |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Barrie |
| Postal Code | L4N 1E4 |
| Area | Queen's Park |
| Listing VS Median (in L4N 1E4) | |
Price: $990,000 low | high Med: $0 On site: 10 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Barrie |
| Postal Code | L4N 1E4 |
| Area | Queen's Park |
| Listing VS Median (in L4N 1E4) | |
Price: $990,000 low | high Med: $0 On site: 10 low | high Med: | |
