$775,000

For sale

70 High Street, Barrie (Queen's Park) - Single Family for Sale

70 High Street, Barrie (Queen's Park), Ontario, L4N1W4

2 beds1 bath6 parking900 ft²57 × 196 ft (11,133 sq ft) lot sizeListed 50 days ago

Overview

This 2-bedroom, 1-bathroom home in Barrie is for sale offering roughly 900 sq ft of space. It has been on the market 50 days, fresher than the Barrie average of 94 days.

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Description

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) (id:66096)

Property Details

MLS®: S13788652
Property Type: Single Family
Zoning: RES
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 900 ft²
Lot Size: 57 × 196 ft (11,133 sq ft)
Frontage: 57 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership

Features

Appliances: All
Foundation: Unknown
Exterior: Wood
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Barrie (Queen's Park) listings, avg age

94d

Price / ft²

$861

List price

$775K

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 2-bed single family in Barrie (Queen's Park) has been listed for 50 days, which is 44 days fresher than the city average of 94. Act while there is still low competition.

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Listed by RE/MAX HALLMARK CHAY REALTY · LUCIA FARIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4N)

This home lists at $775,000, about 8.0× the local median household income of $97,000.

Carrying it typically needs a household income of about $151,385 (20% down, 25-yr amortization, stress-tested) — roughly 56% 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)

$775,000· $861/ft²

For sale

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Full Cost Breakdown

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Down Payment6.77% · $52,500.00

Min 6.77%50%

Mortgage payment$4,006/mo

↳ CMHC premium ($28,900 capitalized)

Property tax (est.)$327/mo

Total monthly$4,333

Cash Needed to Close

Down payment (6.77%)$52,500

Land transfer tax$11,975

Est. closing costs$4,825

Total cash needed$69,300

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