$2,275,000
Available - For Sale
Listing ID: S12146182
381-387 Mapleview Driv West , Barrie, L4N 9G4, Simcoe
| Unlock Prime Redevelopment Potential in Barrie's Booming South End. Now available for $2,275,000! 381-387 Mapleview Drive W. offers a rare office investment opportunity with immediate income and long-term upside. Featuring two fully leased office buildings on 0.665 acres with 179' of frontage on Mapleview Drive W., this site currently generates enough income to garner a potential 5.5% cap rate and boasts flexible C4 zoning that allows for many different uses. New Official Plan and draft Zoning designates the property as "Neighbour Area" & "Neighbourhood Commercial" positioning it for future redevelopment in one of Barrie's fastest-growing corridors. Located just west of Essa Road and steps from the Salem Secondary Plan, surrounded by major residential expansion and infrastructure improvements, this property wont last long. View the full brochure to review the investment case. Seller willing to sign headlease and lease back - subject to rental terms and rates (to be negotiated), or provide immediate or planned future vacant possession, at Buyers request and necessity. |
| Price | $2,275,000 |
| Taxes: | $18436.46 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Owner+T |
| Address: | 381-387 Mapleview Driv West , Barrie, L4N 9G4, Simcoe |
| Postal Code: | L4N 9G4 |
| Province/State: | Simcoe |
| Legal Description: | Lt 5 Pl 1037 Innisfil except Pt 42 51R24 |
| Directions/Cross Streets: | Essa Road |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Office |
| Use: | Professional Office |
| Building Percentage: | T |
| Total Area: | 5153.00 |
| Total Area Code: | Sq Ft Divisible |
| Office/Appartment Area: | 5153 |
| Office/Appartment Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 31-50 |
| Net Income Before Debt: | $124964 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Yes |
| Washrooms: | 3 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SUTTON GROUP INCENTIVE REALTY INC. |
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HARMOHAN JIT SINGH
Sales Representative
Dir:
(416) 884 7486
Bus:
(905) 793 7797
Fax:
(905) 593 2619
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Office |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | Holly |
| Approximate Age: | 31-50 |
| Tax: | $18,436.46 |
| Baths: | 3 |
| Fireplace: | N |
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