Listed by Engel & Volkers Toronto City.

151 Cumberland Street is a Multiplex, 2-Storey and is currently for Sale @ $1,550,000. Taxes in 2025 were $12,818.00.

More homes for sale under 1.6M in Barrie

Prime Multifamily Investment Near Kempenfelt Bay! This purpose-built 6-unit building offers a rare, turnkey opportunity just steps from the Allandale Waterfront GO Station and the scenic Barrie waterfront. The 2-Storey on 151 Cumberland Street has 11 bedrooms, 6 bathrooms, and is located on a 152.29 x 67.78 ft lot in the community of Allandale . Meticulously maintained with significant rental upside, this asset has undergone extensive recent capital improvements to minimize future CAPEX. Major upgrades include: a full roof replacement (2023), high-efficiency boiler (2025), and a 2023 common area renovation featuring new flooring, stairs, and fresh paint throughout. Investors will benefit from additional income via the updated on-site coin laundry (2024) and two owned 50-gallon water heaters. Recent unit-specific updates include a full renovation of Unit #3 (2025) and bathroom refreshes in Units #3 and #6. Perfectly positioned on a quiet cul-de-sac style street with ample parking and low vacancy rates, this property provides consistent cash flow with easy access to Highway 400 and Downtown Barrie's vibrant shops and dining. (Note: Unit #2 appliances are tenant-owned). This is a perfect hassle free investment for the prudent investor.

5 Fridges, 5 Stoves, 1 Coin-Washer, 1 Coin-Dryer, 2 Owned Water Heaters. Tenant's pay their own hydro.

The address 151 Cumberland Street was listed for sale (MLS# S13112254) on Monday, May 11, 2026.