MLS® S13729884 · Listed by ENGEL & VOLKERS TORONTO CENTRAL. Source: TRREB MLS®. THE AGENCY does not represent this listing.
$529,999
Detached for sale · 1 bed · 1 bath
Signal
21/100
Soft demand, likely to sit
Likely sale price $506,176
Fantastic Opportunity to own a 65 x 206 lot in the prime location of Barrie's Painswick area, right near Yonge\Big Bay Pt Rd. Renovated 1 bedroom home + workshop/garage to rent as a holding income benefit while planning the future development of this lot. Barrie passed By-law 2024-043 permitting four dwelling units on residentially zoned lands (R1). The City's current ARU program provides standardized designs, and in 2026 Barrie is reducing ARU building-permit application fees by 50%, with full rebates available where qualifying units achieve occupancy within 12 months of permit issuance. HUGE potential with this lot, PLUS Barrie's zoning by-law already contains several site-specific intensification provisions/changes along Cox Mill Rd. Maintain the current structure (add on addition opportunity) to keep close proximity to the road, plus the ARU add on's. Exceptional Development & Income Opportunity.*New Roof Installed this week*