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Price Change$899,900

325 Innisfil Street

Allandale, Barrie

$749,000

Detached|Bungalow
2 | 2 | 3
About this home

Seller is motivated and open to negotiate! Creative opportunity for current development, or hold, and plan land assembly for future development. The City of Barrie has advised this property can reasonably be brought forward for a current rezoning to support a building in the range of 24 residential units, subject to detailed design, servicing and formal approvals. That alone makes it a very workable medium-scale project. The future upside, is in assembling this property with adjoining parcels, where the Official Plan's rezoning will allow Medium to High Density development pointing to a much larger yield and potential for mid-rise or mixed-use expansion. With a fantastic location within walking distance to all downtown amenities and beach access, Go Train, public transit and Hwy 400 access. This property deserves your attention for both current and future opportunity in an intensification area of Barrie.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,195
Lot Size169.32 ft x 175 ft
mls© NumberS13232320
Listed ByRE/MAX HALLMARK CHAY REALTY

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%
$3,834
Property tax
$433
Heat allowance
$150
Housing costs
$4,417 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $149,800
25-yr amortization

Income needed

$136,000

gross annual household income

Payment at 4%
$3,152 / mo
Cash down
$149,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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