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$549,900
Barrie
191 Dunlop Street West, Barrie (Queen's Park), Ontario, L4N1B6
This 3-bedroom, 1-bathroom home in Barrie is for sale offering roughly 1,300 sq ft of space. Listed at $549,900, it is attractively priced about 19% below the $674,900 median asking price in Barrie. It has been on the market 63 days, fresher than the Barrie average of 95 days.
*Development Opportunity* in a rapidly transforming Barrie location! This 33' x 166' lot is currently sitting with an older 2-storey, 3 bedroom 1bathroom home & is being offered as an excellent development or land assembly opportunity. Zoned RM2 (SP-189), the property is situated within a multiple-residential zoning designation that permits a range of residential forms, subject to applicable zoning requirements & approvals. The generous lot depth & existing 33' frontage provide an excellent starting point for future development plans. The property may be purchased individually or together with the neighbouring property (185 Dunlop Street W), creating a combined development parcel with approximately 99' of frontage & significantly greater development potential. Surrounded by ongoing development & properties transitioning from older homes to new residential construction, this is an opportunity for builders, investors & developers to secure land in an area experiencing change. Existing home is being sold in its current condition. Buyer to conduct their own due diligence regarding permitted uses, density, servicing, development approvals & potential future development with the City of Barrie. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 63 days on market, against an average age of 95 days across the listings currently for sale in this city
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.
This 3-bed single family in Barrie (Queen's Park) has been listed for 63 days, which is 32 days fresher than the city average of 95. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $549,900, about 5.7× the local median household income of $97,000.
Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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