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Allandale Centre, Barrie
$999,900
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 | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,953 |
| Lot Size | 63 ft x 200 ft |
| mls© Number | S13494266 |
| 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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