$10,865,000
500 Bayfield ST Barrie, ON L4M 5A2
$10,865,000
Est. payment /mo
2 SqFt
Active
500 Bayfield ST Barrie, ON L4M 5A2
UPDATED:
06/30/2024 12:40 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $5,432,500
MLS Listing ID S7403708
Annual Tax Amount $147,575
Tax Year 2023
Property Description
Investment Opportunity to own busy retail plaza with high traffic exposure on Bayfield Street. Excellent retail and restaurant tenants. Site offers a 4.5% return with triple net leases. Opportunity for redevelopment: As of 2023 the new Official Plan for the City of Barrie has rezoned the site as intensification with no maximum density, with the proviso that one must replace 75% of the existing retail in the new development. Purchaser required to perform own due diligence. Confidentiality Agreement for further information available upon request. Listing Agent has an indirect interest in ownership of property.
Location
Province ON
County Simcoe
Zoning C4
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Yes
Parking Type Outside/Surface
Others
Security Features Yes
Listed by C.D.P. REAL ESTATE LIMITED
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