500 Bayfield Street For Sale

Barrie, Bayfield, L4M 5A2

$10,865,000

Description

Listed by C.D.P. REAL ESTATE LIMITED.

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.

Legal Description Continued: S/T ease over pts 17, 28, 20, 21 51R30250 as in LT483217, LT 483229, LT483235; T/W ease as in LT483237; *T/W ease in R0410549 and confirmed by LT483242 *entered 2001/05/30 - D. Penton; Barrie

Location

View Map
  • Address: 500 Bayfield Street
  • Neighborhood: Bayfield
  • City: Barrie
  • State: Ontario
  • Postal Code: L4M 5A2

Property Details

  • Property ID: S7403708
  • Property Price: $10,865,000
  • Style: Investment, Retail
  • Garage: Outside/Surface
  • A/C: Y
  • Heating: Gas Forced Air Closd
  • Taxes: $147,575.66 (2023)
  • Lot: 454.00x287.00 (Feet) - irregular dimensions

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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