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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 investment opportunity in the heart of Barrie with this prime corner location property, perfectly poised for a transformative development. This site offers the potential for a 12-story, 120-unit residential building or a possible commercial establishment, making it a versatile choice for visionary developers.
Recently re-zoned as an urban transition area under the City of Barrie's new Official Plan and zoning bylaw, this property is strategically positioned across from a mega-use development. The positive pre-consultation completed with the city further enhances its appeal, with the possibility to go even taller for a purpose-built rental building.
Located within walking distance to essential amenities, this property offers unparalleled convenience. Residents will enjoy easy access to the GO train, waterfront, parks, churches, schools, shopping centers, and Highway 400. Public transportation is right at the doorstep, ensuring seamless connectivity to the rest of the city.
For investors considering this opportunity, Vendor Take-Back (VTB) financing is on the table, providing flexibility in structuring the investment. This adds an attractive dimension to the financial planning of the project.
Situated in the vibrant community of Allandale, this freehold property spans an irregular land size of 143 x 149 feet. It offers a total of 52 parking spaces, catering to the needs of future residents or commercial tenants. The existing building is a two-story house with a brick exterior, featuring three bedrooms above ground and an apartment in the basement. The property is equipped with forced air heating powered by natural gas, municipal water, and sanitary sewer services.
This property is more than just a piece of land; it's a canvas for innovation and growth. Whether you're envisioning a residential haven or a bustling commercial hub, the possibilities are endless. Embrace the opportunity to shape the future of Barrie's urban landscape with this exceptional development site.
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Updated May 15th 2025 6:40 pm
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