REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 990,000
Est. payment /mo
New
37 Donald ST Barrie, ON L4N 1E4
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Queen'S Park
MLS Listing ID S13786548
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,683
Tax Year 2026
Property Sub-Type Fourplex
Property 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.
Location
Province ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Brick & Beam, Separate Heating Controls, Separate Hydro Meter, Storage, Storage Area Lockers, Sump Pump
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Mutual
Pool None
Roof Type Asphalt Shingle
Lot Frontage 68.62
Lot Depth 89.98
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by ANALYST REALTY INC.