$799,000 - 236 Tiffin Street, Barrie
Commercial for Sale in Barrie
55 days on marketNeighbourhood: 400 North
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- MLS Number
- S13670094
- Property Type
- Commercial
- Status
- active
- Days on Site
- 55
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Barrie
- Taxes (2026)
- $10,758
- Listing Brokerage
- ROYAL LEPAGE FIRST CONTACT REALTY
Excellent opportunity for investors looking to add a multi-unit income property to their portfolio in a central Barrie location. 236 Tiffin Street is currently configured as a six-unit residential property, offering an established multi-residential setup. Located along the Tiffin Street corridor, the property is well positioned for tenants requiring convenient access throughout the city. The location provides easy connectivity to Highway 400, Essa Road, downtown Barrie, the waterfront and surrounding employment and commercial areas. The nearby Allandale area has also become an increasingly important transportation hub, with the new Barrie Allandale Transit Terminal at Essa Road and Tiffin Street providing local and inter-regional transit connections, together with convenient access to the Allandale Waterfront GO Station. For an investor, the combination of six existing units, a central location and access to major transportation routes creates an attractive opportunity at an accessible price point. The surrounding Tiffin/Allandale corridor includes a mixture of residential, commercial and employment uses, while ongoing planning and redevelopment activity in the broader area may provide additional long-term upside. The property is currently configured and utilized as six residential units; however, the existing zoning does not currently recognize/permit the property as a legal six-unit residential use. Buyers are advised to conduct their own independent due diligence regarding zoning and legal use. Property is sold "as is" . The Seller and Listing Brokerage make no representations or warranties regarding the legality of the existing six-unit configuration. An opportunity for the knowledgeable investor to acquire a six-unit income-producing property in a strategic central Barrie location, with the pricing reflecting the property's current zoning status. Square footage not available, measurement required
Estimate your monthly payments for this property
Estimated Payment
$4,099.28/mo
Includes CMHC insurance ($22,292)
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 400 North
400 North 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 400 North
- •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
400 North 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.
236 Tiffin 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
Commercial property values in Barrie are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Extended Exposure — Negotiating Room
At 55 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
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.