$498,000
For sale: Detached

Opportunity knocks in Barrie. This RM1 / RM1(SP-528-HC) zoned property offers more than a typical residential purchase, with an approximately 66 ft. x 132 ft. lot and future potential for residential intensification. The existing home is a handyman special, making this an appealing option for renovators, investors, builders or buyers looking to reposition the property. A preliminary feasibility study has identified potential pathways including retain-and-convert, additional residential units, or a purpose-built low-rise multi-unit infill concept, subject to buyer due diligence and municipal requirements. Located in an evolving area of Barrie, this property offers present residential use with meaningful future upside. Buyer to verify zoning, survey, servicing, parking, permits, incentive eligibility and all development possibilities.
Sold data
Detached homes in Barrie (Allandale) took a median of 21 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 37, across 347 recorded sales.
The median sale price was $739,000.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 347 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Barrie (Allandale) has 49 Fraser Institute–rated schools (39 elementary and 10 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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