Unlock the Potential: Prime Development Opportunity in Essa/Anne

Discover a remarkable opportunity nestled in the heart of Barrie's urban landscape. This property, located at a prime corner, offers a unique chance to develop a 12-story, 120-unit residential building or a potential commercial establishment. With its strategic location and recent re-zoning to urban transition, this site is poised for transformative development.

Strategic Location with Endless Possibilities

Positioned across from a mega-use development, this property benefits from its proximity to a vibrant and growing community. The City of Barrie's new Official Plan and zoning bylaw have paved the way for innovative urban projects, making this location a hotspot for future growth. The positive pre-consultation with the city further underscores the potential to go even taller, especially for a purpose-built rental building.

Connectivity and Convenience at Your Doorstep

Residents and businesses alike will appreciate the unparalleled convenience this location offers. With walking distance access to the GO train, waterfront, parks, churches, schools, shopping centers, and Highway 400, this property is a hub of connectivity. Public transportation is readily available right at the doorstep, ensuring seamless travel for all.

Property and Building Insights

Spanning an irregular land size of 143 x 149 feet, this property is part of the Allandale community, known for its dynamic and diverse environment. The building itself offers a generous 2000 square feet of space, with amenities that include easy access to the highway and public transit. While the building currently has no storeys, the potential for vertical expansion is immense.

Infrastructure and Utilities

The property is equipped with municipal water and utilizes natural gas for heating, ensuring reliable and efficient utility services. Although there is no fireplace present, the heating system is designed to meet modern standards, providing comfort and sustainability.

Investment Considerations

For investors, the possibility of a Vendor Take-Back (VTB) mortgage adds an attractive financial dimension to this opportunity. With the MLS® Number S6711932, this property is a standout choice for those looking to make a significant impact in Barrie's evolving urban landscape.

In summary, this Essa/Anne development opportunity is more than just a property; it's a gateway to shaping the future of urban living in Barrie. With its prime location, flexible development options, and strong community ties, it stands as a beacon for visionary investors and developers.