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Essa / Anne Development Opportunity for up to 12 story -120 unit residential building or possible commercial building. Prime corner location. Re-zoned urban transition as per City of Barrie's new OP and zoning bylaw. Across from mega-use development. Positive pre-consultation completed with City. Possibility to go taller for purpose rental building. Walking distance to GO train, waterfront, parks, church, schools, shopping & HWY 400, public transportation at door front.
VTB considered. (id:27476)
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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.
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.
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.
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.
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.
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.
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Updated April 21st 2025 5:25 pm
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