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Listed 1 month ago

26 Caroline Street

Allandale Centre, Barrie

$999,900

Detached|Bungalow
3 | 1 | 3
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,953
Lot Size63 ft x 200 ft
mls© NumberS13494266
Listed ByCENTURY 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%
$5,118
Property tax
$329
Heat allowance
$150
Housing costs
$5,597 / mo

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

Down payment20% · $199,980
25-yr amortization

Income needed

$172,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,980

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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