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New16 hours ago

191 Dunlop Street W

Queen's Park, Barrie

$549,900

Detached|2-Storey
3 | 1 | 3
About this home

*Development Opportunity* in a rapidly transforming Barrie location! This 33' x 166' lot is currently sitting with an older 2-storey, 3 bedroom 1bathroom home & is being offered as an excellent development or land assembly opportunity. Zoned RM2 (SP-189), the property is situated within a multiple-residential zoning designation that permits a range of residential forms, subject to applicable zoning requirements & approvals. The generous lot depth & existing 33' frontage provide an excellent starting point for future development plans. The property may be purchased individually or together with the neighbouring property (185 Dunlop Street W), creating a combined development parcel with approximately 99' of frontage & significantly greater development potential. Surrounded by ongoing development & properties transitioning from older homes to new residential construction, this is an opportunity for builders, investors & developers to secure land in an area experiencing change. Existing home is being sold in its current condition. Buyer to conduct their own due diligence regarding permitted uses, density, servicing, development approvals & potential future development with the City of Barrie.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,699
Lot Size33.01 ft x 166.24 ft
mls© NumberS13746752
Listed ByHOMELIFE EMERALD 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%
$2,815
Property tax
$308
Heat allowance
$150
Housing costs
$3,273 / mo

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

Down payment20% · $109,980
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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