The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
An opportunity to own PRIME two adjoining commercial units at 61 King Street, in Barrie's busy south-end commercial district. Set at the end of an established plaza, the property offers excellent exposure, ample parking and convenient rear access. An award-winning restaurant has operated successfully at this location for approximately 18 years. Now it's time for someone else's vision. The units are offered with the restaurant equipment and contents included, giving a new owner the chance to launch their own concept in an established busy location.The space is equipped for restaurant use, with a commercial kitchen, charbroiler, cooking and preparation equipment, multiple sinks and washing stations, walk-in refrigeration, freezers, dining furniture and mezzanine storage. Recent improvements include a new roof completed in June 2026, rooftop HVAC updated in October 2025, and a new, owned commercial-sized hot-water tank installed in February 2026. For a restaurateur or anyone looking to fulfill their dreams to open or expand in Barrie, the setup is already here. Bring your menu, make the space your own and welcome customers from the many businesses nearby. (The operating business, its name and its goodwill are not included in the sale.)
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$5,111/mo
Mortgage (principal + interest)$4,111
Property taxFrom listing: $11,995/yr$1,000
Minimum $84,900 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$219,800
Ontario land transfer taxProvincial brackets, no first-time refund$18,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$241,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Barrie has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
