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Painswick North, Barrie
$529,999
Fantastic Opportunity to own a 65 x 206 lot in the prime location of Barrie's Painswick area, right near Yonge\Big Bay Pt Rd. Renovated 1 bedroom home + workshop/garage to rent as a holding income benefit while planning the future development of this lot. Barrie passed By-law 2024-043 permitting four dwelling units on residentially zoned lands (R1). The City's current ARU program provides standardized designs, and in 2026 Barrie is reducing ARU building-permit application fees by 50%, with full rebates available where qualifying units achieve occupancy within 12 months of permit issuance. HUGE potential with this lot, PLUS Barrie's zoning by-law already contains several site-specific intensification provisions/changes along Cox Mill Rd. Maintain the current structure (add on addition opportunity) to keep close proximity to the road, plus the ARU add on's. Exceptional Development & Income Opportunity.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 100+ |
| Size | < 700 sq. ft. |
| Property Tax | $2,838 |
| Lot Size | 65.83 ft x 206.07 ft |
| mls© Number | S13729884 |
| Listed By | ENGEL & VOLKERS TORONTO CENTRAL |
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%
- $2,713
- Property tax
- $237
- Heat allowance
- $150
- Housing costs
- $3,099 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$95,000
gross annual household income
- Payment at 4%
- $2,230 / mo
- Cash down
- $106,000
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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