74 High Street

Original Remarks

The offering presents the opportunity to acquire a 100 percent freehold interest in 74 High Street, Barrie, Ontario (the "Property" or the "Site"). The Property offers investors the rare opportunity to acquire a value-add multi-family character apartment building assets in the Allandale neighborhood. The Property consists of 20 apartment units with a stabilized net operating income of approximately $184,635 in Year One. The asset provides meaningful near-term revenue growth potential as current in-place rents trail market levels across the suite mix. The Property is also subject to an affordability agreement with the County of Simcoe, which includes a $532,000 Ministry loan and a 20-year affordability term. The asset entered its Phase-Out Period in 2023, during which vacant units may be re-leased at market rents, with full market reversion upon expiry of the agreement in 2028. 74 High Street Property Specific Details Lot Size: 12,001.75 ft Frontage: 67.92 ft Depth: 177.16 ft Taxes: $10760 (2025).