$1,149,850
FOR SALE

Land

Lot: 60 x 200 ftTotal Area: 12,000 ft2
2023 Taxes: $1,756

423 Yonge St
Barrie, ON L4N 4E1 | Painswick North | Simcoe

Attention Developers, Builders and Investors ! Hard to find affordable land development opportunity allowing construction of estimated 16 back-to-back townhouses. The lot has been designated for Mid-to-High Rise or Townhouse Development by the City of Barrie. 5 Reasons to Purchase NOW: 1. Superb location Yonge Street land is always in demand 2. High potential land value appreciation return 3. Faster and easier smaller development project to build and finance 4. Favourable market and rental conditions in Barrie 5. City of Barrie is Updating its zoning bylaw, which automatically allows mid to high density developments along Yonge street Available up on request: Preliminary Architectural drawings Copy of New Barrie zoning bylaw Geotechnical and Hydrological Area Studies. Current zoning allows a multiplex construction. New multi-family concept(s) require updated application and approval by the city; however, the lot has been designated for low to mid rise development. The current zoning in place is R1. The buyer needs to perform its own due diligence including potential of the property and approvals.
Extras
Prestige Yonge Street address, Ready Townhouse and midrise architectural concepts, Bus stop within steps, Lakeview from upper floors and more. *For Additional Property Details Click The Brochure Icon Below*
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Listed By ICI SOURCE REAL ASSET SERVICES INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8359376
Last Updated May 22, 2024
Property Summary
Property Type Land

More like this:
Use Residential
Category Designated
PIN 587410061
Legal Description LT 19 PL 885 INNISFIL; BARRIE
Occupancy Own+Ten
Possession Date June 1, 2024
Taxes (2023) $1,756
Tax Type Annual
Directions/Cross Streets Little Avenue
Neighbourhood Painswick North
Area Simcoe
Price History

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Detailed Information
Lot 60 x 200 ft
Total Area 12,000 ft2
Sewers None
Utilities A
Water None
Lot/Bldg/Unit Code Lot
Zoning R1
Seller Property Info Statement N

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