Development Opportunity-prime Senior Housing Site In Barrie

$6,900,000

For Sale: Land in Barrie, ON

Maziar Moini

Realtor

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Listing Details

Description

A rare and high-potential investment opportunity awaits in the heart of Barrie’s rapidly growing Waterfront Growth Corridor. Highlights Location & Size: ±2.19 acres (95,333 sq ft) of premium development land Design Capacity: Zoning supports up to 250 senior apartment units — perfect for full-service retirement living with optional à-la-carte amenities Strong Demand: Projected Demand-Supply Ratio (DSR) exceeds 4.0 by 2030, signaling robust market depth Potential Structure: Multiple mid-rise buildings totalling 292,929 sq ft of Gross Floor Area (GFA) Configurations: Flexible units mix featuring 1- and 2-bedroom options Parking: Allocated per seniors’ housing standards Revenue Estimates: Average rent projected at $3,000/month plus ancillary services Valuation metrics: $6.9 M total (~$23.5/sq ft buildable, ~$27 K per door) Strategic Location Just minutes from Barrie’s waterfront, downtown core, GO Station, and Hwy 400 access Proximity to major hospitals, pharmacies, medical clinics Walkable to vibrant restaurants, cafés, community amenities, and regional transit Why Now? Supportive policy environment: Federal and provincial housing mandates are accelerating population and infrastructure growth across Simcoe County Demographic tailwinds: The 75+ population in the area is projected to grow by 47% by 2034 Affordability advantage: Seniors 75+ in the region hold average liquid assets exceeding $490,000 Market gap: Limited comparable inventory highlights a clear undersupply Comparable condo sales: The Residences on Owen: $1,150/sq ft Debut Condos: $1,050/sq ft Friday Harbour (larger townhouse): $900/sq ft (>$2 million) These figures illustrate the robust valuation benchmarks in the area. Confidential Access This opportunity is strictly confidential. Comprehensive project details—including site plans, financials, and feasibility data—are available only upon execution of a Buyer Representation Agreement (BRA) and Confidentiality Agreement (CA).

Location & nearby

This listing is located in Barrie, ON L4N 8G1

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