423 Yonge St, Barrie, L4N 4E1

Listing Overview

Description

Attention Developers, Builders and Investors ! Hard to find affordable land development opportunity allowing construction of estimated 16 back-to-back townhouses. The lot has been designated for Mid-to-High Rise or Townhouse Development by the City of Barrie. 5 Reasons to Purchase NOW: 1. Superb location Yonge Street land is always in demand 2. High potential land value appreciation return 3. Faster and easier smaller development project to build and finance 4. Favourable market and rental conditions in Barrie 5. City of Barrie is Updating its zoning bylaw, which automatically allows mid to high density developments along Yonge street Available up on request: Preliminary Architectural drawings Copy of New Barrie zoning bylaw Geotechnical and Hydrological Area Studies. Current zoning allows a multiplex construction. New multi-family concept(s) require updated application and approval by the city; however, the lot has been designated for low to mid rise development. The current zoning in place is R1. The buyer needs to perform its own due diligence including potential of the property and approvals.

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On Market

Land

Property Type

$1,756 / Year

Est. Taxes

Designated

Style

Residential

Business Type

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Franchise