$1,490,000
For sale: Detached

***DEVELOPMENT OPPORTUNITY*** Excellent Opportunity for all Investors & Builders to build 8 Freehold Townhomes on this Lot in the Sought After Southwest End Of Barrie close to Schools, Parks, Plazas, Shopping, Public Transit, Highway. This property is an excellent cash flow opportunity while the Building Permit is processed. No Site Plan Approval required from City !!! Shovel Ready in quick time. Currently tenanted at $4800 per month. Situated On A 75 x 200 Feet Corner Lot, With A Double Car Garage, Back Entrance And Two Separate Private Driveways. Concept Elevation Renderings & Architectural Floor Plans created. Survey Available. Take advantage of 50% Development Charges reduction and 100% HST rebate from the government. ideal for builders to complete a quick turnaround project. Potential to combine with the adjoining property to make a bigger parcel for bigger development project.
Sold data
Detached homes in Barrie (Holly) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.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 (Holly) 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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