$549,900
For sale: Detached

*Development Opportunity* in a rapidly transforming Barrie location! This 33' x 166' lot is currently sitting with an older 2-storey, 3 bedroom 1bathroom home & is being offered as an excellent development or land assembly opportunity. Zoned RM2 (SP-189), the property is situated within a multiple-residential zoning designation that permits a range of residential forms, subject to applicable zoning requirements & approvals. The generous lot depth & existing 33' frontage provide an excellent starting point for future development plans. The property may be purchased individually or together with the neighbouring property (185 Dunlop Street W), creating a combined development parcel with approximately 99' of frontage & significantly greater development potential. Surrounded by ongoing development & properties transitioning from older homes to new residential construction, this is an opportunity for builders, investors & developers to secure land in an area experiencing change. Existing home is being sold in its current condition. Buyer to conduct their own due diligence regarding permitted uses, density, servicing, development approvals & potential future development with the City of Barrie.
Sold data
Detached homes in Barrie (Queen's Park) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 42, across 316 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $749,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
Based on 316 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Barrie (Queen's Park) 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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