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Queen's Park, Barrie
$775,000
EXCEPTIONAL DEVELOPMENT OPPORTUNITY IN BARRIE'S BOOMING DOWNTOWN CORE! This sought-after location is near the waterfront, public transit, parks, schools, shops, restaurants, and the Lakehead University STEM Hub! The 2-bedroom bungalow is situated on a generous 56' x 196' lot with plenty of parking, excellent visibility, and significant redevelopment potential. Plans have been prepared for a proposed development of up to 9 residential units, offering an exciting opportunity for builders, developers, and investors. Based on the current plans, no zoning relief or Site Plan Approval process is anticipated for the proposed development, given the number of units. The property may therefore be well positioned to proceed toward Building Permit submission, subject to final municipal review and approval. This is an outstanding opportunity to secure a property in Barrie's flourishing downtown core with strong future potential! (Buyers are advised to conduct their own due diligence and verify all zoning, development, servicing, and permit requirements with the municipality)
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,925 |
| Lot Size | 56.75 ft x 196 ft |
| mls© Number | S13788652 |
| Listed By | RE/MAX HALLMARK CHAY REALTY |
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%
- $3,967
- Property tax
- $327
- Heat allowance
- $150
- Housing costs
- $4,444 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$137,000
gross annual household income
- Payment at 4%
- $3,261 / mo
- Cash down
- $155,000
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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