$1,250,000 - 173 Dunlop Street, Barrie
Commercial for Sale in Barrie
Neighbourhood: Queen's Park
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- MLS Number
- S13772292
- Property Type
- Commercial
- Status
- active
- Days on Site
- 26
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,895 sqft
- Neighbourhood
- Barrie
- Taxes (2026)
- $8,461
- Listing Brokerage
- RE/MAX HALLMARK PEGGY HILL GROUP REALTY
RARE LIVE-WORK-INVEST OPPORTUNITY ON ONE OF BARRIE'S BUSIEST CORNERS, OFFERING PRIME EXPOSURE, A FLEXIBLE 3,895 SQ FT LAYOUT WITH BOTH OFFICE & RESIDENTIAL SPACE, & ENDLESS FUTURE POTENTIAL! Capitalize on this exceptional mixed-use opportunity in Barrie's sought-after west end, where your business can be seen, remembered, and thrive. Commanding a high-profile corner location at the intersection of bustling Dunlop Street West and Eccles Street, this property delivers the visibility, flexibility, and income potential that savvy investors and entrepreneurs are seeking. The attractive brick building offers approximately 3,895 sq ft of space, including bright and welcoming professional offices and a self-contained 2-bedroom apartment, opening the door to multiple revenue streams or providing the convenience of living and working in one location. Benefiting from ongoing improvements and strategic renovations throughout the years, the property has been well cared for and thoughtfully positioned for long-term success. Expansive street frontage, excellent corner exposure, and prominent signage opportunities ensure your business stands out in one of Barrie's most travelled corridors. Approximately eight on-site parking spaces add exceptional value, while the versatile layout easily accommodates a wide range of professional uses, including medical, legal, accounting, real estate, mortgage, consulting, and other office-based businesses. Set on a 0.13-acre lot with RM2 (SP-189) zoning and future redevelopment potential, subject to municipal approvals, this property is as much an investment in tomorrow as it is a business opportunity today. Just minutes from downtown, the waterfront, public transit, established residential neighbourhoods, and major arterial roads, this is a rare chance to secure a landmark address with built-in residential accommodation, strong income-generating possibilities, and endless potential for growth.
Estimate your monthly payments for this property
Estimated Payment
$5,529.17/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Queen's Park
Queen's Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Queen's Park
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Queen's Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
173 Dunlop Street, Barrie
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $321/sqft, this is priced in the mid-range for GTA commercial space. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 26-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Barrie transactions.