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Allandale Centre, Barrie
$1,249,900
Prime Land Assembly Development in Barrie. Offering two contiguous properties 22 & 26 Caroline Street totaling approx. 25,700 Square Feet of Land. Individually Priced. Both properties must be purchased together as a package. Exceptional investment and development opportunity in the heart of Barrie's urban core & Transportation Corridor. Directly backing onto a development on Jacobs Terrace featuring two approved buildings. This assembly has already completed a Pre-Consultation process with City Planners and includes a conceptual rendering that aligns with Barrie's current Official Plan parameters positioning this site as a turnkey opportunity for developers. Rental income totaling Approx. $7000 monthly. With growing demand for intensification in central Barrie and nearby projects moving ahead, this is your chance to secure a footprint in one of the city's most transformative areas. Don't miss this rare chance to invest in Barrie's future.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,511 |
| Lot Size | 64.9 ft x 200.17 ft |
| mls© Number | S13494256 |
| Listed By | CENTURY 21 B.J. ROTH 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%
- $6,398
- Property tax
- $626
- Heat allowance
- $150
- Housing costs
- $7,173 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$221,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $249,980
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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