Description

Vacant land with Development Opportunity. Prime location. Potential of 55-60 townhomes. Property currently is Registered plan of subdivision zoned for 12 single family homes, may be converted up to 1150 linear feet of (55-60) townhouses. Take advantage of City of Barrie's recent reduction of development charges ($42k per townhome- $56k per Single home). VTB available to qualified buyer. (id:66096)

Property Details

MLS®: S12609374
Property Type: Vacant Land
Business Type: Residential
Zoning: R1-R2-R3
Lot Size: 246 × 572 ft (3.23 acres)
Frontage: 246 ft
Property Tax: $11,325/yr
Listed: 331 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

331d

Barrie (Painswick North) listings, avg age

67d

List price

$6.95M

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Barrie (Painswick North) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by NU-KEY REALTY LTD. · MIKE MIFSUD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4N)

This home lists at $6,950,000, about 71.6× the local median household income of $97,000.

Carrying it typically needs a household income of about $1,357,578 (20% down, 25-yr amortization, stress-tested) — roughly 1300% above the area median.

Median household income: $97,000
Population: 100,835
Median age: 39.6
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L4N)

$6,950,000

For sale

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Financing

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0000 POOLTON Lane, Barrie (Painswick North) - Vacant Land for Sale