Acquisition: 5 Wellington St. East, Barrie ON

Carnoevar House is located at 5 Wellington St. East, Barrie Ontario and was acquired on October 31, 2021.

The property was a former mansion with an addition built on it 1963. It was converted to 11 apartments in the 1980’s. The site is centrally located near downtown Barrie and within a block walking distance of public transportation.

The City of Barrie is in the Greater Golden Horseshoe 94 kilometers north of Toronto. Highway 400 runs through Barrie with 5 interchanges and is connected to 3 major provincial highways (90, 27, and 11) along with Highway 400. There are two Go Train stations that service the Barrie area, giving commuters regular train service to Toronto’s Union Station and back during peak hours with summer weekend trains into the Greater Toronto Area. The city is also only 10 minutes away from the Lake Simcoe Regional Airport which allows for small aircraft at the airport and can accommodate both international passengers and freight.

The city of Barrie has a population of approximately 197,059. The key industries in Barrie are healthcare and social assistance (14.9%), hospitality (8.9%), construction (8.0%), and education (7.5%). The largest employers in the private sector were Wolf/Steel/Napolean Appliance, Georgian International Ltd., Sinton Transportation and Transcom. The largest employers in Barrie by public sector was the Simcoe Muskoka Catholic District School Board, Georgian College and the Royal Victoria Regional Health Centre Around fifty-five percent of the labour force in Barrie either has a high school diploma or college certificate with about eight percent having a trade certificate and fifteen percent having a university degree.