68 Drury Lane

About This Property

ATTENTION REAL ESTATE INVESTORS, DEVELOPERS, BUILDERS OR EVEN SAVY HOME OWNERS LOOKING TO POTENTIALLY LIVE UPSTAIRS AND LEGALIZE A SECOND SUITE TO GENERATE AN INCOME STREAM WHILE POTENTIALLY SUBDIVIDING THE REMAINING LAND DOWN THE ROAD. LOT SIZE IS 143.16 FT OF FRONTAGE BY 100 FT OF DEPTH WITH A DETACHED BUNGALOW SITUATED ON THE FAR RIGHT OF THE LOT. OPTIONS ARE TRULY ENDLESS. CURRENTLY ZONED RESIDENTIAL MULTIPLE DWELLING DENSITY (RM2) WHICH ALLOWS DUPLEXS, BLOCK/CLUSTER/STREET/STACKED TOWNHOUSE (MIN FRONTAGE OF 6 METERS) & MUCH MORE & IS IN THE NEW DRAFT ZONING BY-LAW AS MID-RISE TWO (MR2) WHICH IS SUBJECT TO CHANGE. THE CITY OF BARRIE NEW OFFICIAL PLAN LAND USE DESIGNATION IS MEDIUM DENSITY. THE LANDS ARE LOCATED WITHIN A STRATEGIC GROWN AREA IN THE CITY OFFICIAL PLAN, WHICH ENCOURAGES DEVELOPMENT OF HIGHER DENSITY AND TALLER BUILDINGS. THE BRICK BUNGALOW IS IN EXCELLENT CONDITION WITH LOTS OF SIGNIFICANT UPDATES COMPLETED SUCH AS NEW EAT-IN CUSTOM KITCHEN W/ISLAND & MAIN FLOOR BATHROOM RENO COMPLETED IN 2017 (GRANITE COUNTER TOPS, POT LIGHTS, NEW CABINETRY & STAINLESS STEEL BUILT-IN APPLIANCES INCLUDED IN SALE). NEW SHINGLES 2016 ON MAIN HOUSE, FURNACE 2016, ENTIRE HOME RE-WIRED IN 2004 INCLUDING 100 MAIN PANEL WITH 60 AMP PANEL IN GARAGE, WINDOWS 2004, UPGRADED INSULATION IN ATTIC 2012 PLUS MUCH MORE. SEPERATE SIDE ENTRANCE TO BASEMENT PERFECTLY SET UP FOR LEGAL SECOND SUITE CREATION FOR INVESTORS TO CREATE VALUE.