791 Essa Road
Holly, Barrie
$1,490,000
***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.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,463 |
| Lot Size | 75 ft x 200 ft |
| mls© Number | S13078472 |
| Listed By | CITYSCAPE REAL ESTATE LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,626
- Property tax
- $455
- Heat allowance
- $150
- Housing costs
- $8,232 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$253,000
gross annual household income
- Payment at 4%
- $6,270 / mo
- Cash down
- $298,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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