Description

An exceptional site-plan-approved mid-rise development opportunity is available at 427 Yonge Street, Barrie, ON. Strategically located on the east side of Yonge Street, directly north of MacLaren Avenue in the high-demand Painswick North neighborhood. This 1.65-acre corner site approved development comprises approximately 165,337 SF of gross floor area, incorporating a 7+storey mixed-use building with 196 residential units, ranging from Studios to 2 Bedroom + Den suites, complemented by approximately 7,700 SF of ground-floor retail space. This approximately 360 Ft of prime front exposure along the Yonge Street Intensification Corridor. Positioned to capitalize on Barrie's urgent demand for residential housing, this investment represents a high-yield opportunity with significant planning milestones already progressed. (id:66096)

Market Timing

Days on market

21d

Barrie (Painswick North) listings, avg age

67d

List price

$6.50M

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) has been listed for 21 days, which is 46 days fresher than the city average of 67. Act while there is still low competition.

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Area context

Neighbourhood profile (L4N)

This home lists at $6,500,000, about 67.0× the local median household income of $97,000.

Carrying it typically needs a household income of about $1,269,678 (20% down, 25-yr amortization, stress-tested) — roughly 1209% 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)

$6,500,000

For sale

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Financing

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427 Yonge Street, Barrie (Painswick North) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L4N)

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