150 Essa Road
Allandale, Barrie
$2,295,000
Development Opportunity for up to 12 story -120 unit residential building or possible commercial building. Prime corner location. Re-zoned urban transition as per City of Barrie's new OP and zoning bylaw. Across from mega-use development. Positive pre-consultation completed with City. Possibility to go taller for purpose rental building. Walking distance to GO train, waterfront, parks, church, schools, shopping & HWY 400, public transportation at door front. VTB considered.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $15,889 |
| Lot Size | 143 ft x 149 ft |
| mls© Number | S12609246 |
| Listed By | HOMELIFE NU-KEY REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $11,747
- Property tax
- $1,324
- Heat allowance
- $150
- Housing costs
- $13,221 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$407,000
gross annual household income
- Payment at 4%
- $9,658 / mo
- Cash down
- $459,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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