$13/mo - 55 Mulcaster Street Unit 8, Barrie
Commercial for Rent in Barrie
275 days on marketNeighbourhood: City Centre
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- MLS Number
- S12662974
- Property Type
- Commercial
- Status
- active
- Days on Site
- 275
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,108 sqft
- Neighbourhood
- Barrie
- Taxes (2026)
- $11
- Listing Brokerage
- ROYAL LEPAGE FIRST CONTACT REALTY
Position your business in the heart of Downtown Barrie with this 1,108 sq. ft. ground-floor retail opportunity, prominently positioned facing Worsley Street. Situated in Barrie's City Centre, this well-located space offers convenient access to City Hall, the Barrie Courthouse, established professional businesses, restaurants, parks, and the waterfront. The ground-floor configuration provides excellent visibility and flexibility for a variety of retail, service, and professional uses. Ample windows bring in natural light while providing views of the surrounding downtown streetscape. Enjoy the convenience of being just steps from Lake Simcoe, the waterfront, and a wide range of downtown amenities, making this an ideal location for businesses looking to establish themselves in the centre of Barrie's vibrant commercial district. A negotiable Tenant Improvement allowance may be available with a 5-year lease, subject to landlord approval and lease terms. Occupancy will be determined based on the proposed use, required leasehold improvements, and construction timelines. EXTRAS: Measurements are approximate and may not reflect the final configuration of the premises. Dimensions may be subject to adjustment based on modifications or improvements. Premises will be measured in accordance with BOMA standards prior to execution of the lease.
Discover City Centre
City Centre 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 City Centre
- •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
City Centre 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.
55 Mulcaster Street Unit 8, 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 275 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.