
Barrie, ON L4N 3G4
Seller is motivated and open to negotiate! Creative opportunity for current development, or hold, and plan land assembly for future development. The City of Barrie has advised this property can reasonably be brought forward for a current rezoning to support a building in the range of 24 residential units, subject to detailed design, servicing and formal approvals. That alone makes it a very workable medium-scale project. The future upside, is in assembling this property with adjoining parcels, where the Official Plan's rezoning will allow Medium to High Density development pointing to a much larger yield and potential for mid-rise or mixed-use expansion. With a fantastic location within walking distance to all downtown amenities and beach access, Go Train, public transit and Hwy 400 access. This property deserves your attention for both current and future opportunity in an intensification area of Barrie.
TRREB MLS® Attribution
MLS® S13232320
Listed by RE/MAX HALLMARK CHAY REALTY
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Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$4,394
/month · $719,920 mortgage
Amortization
Total Interest
$598,379
Total Cost
$1,318,299
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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RE/MAX HALLMARK CHAY REALTY