10 Lockhart Road, Barrie, ON
Property Highlights
Welcome to this remarkable office located in the coveted neighborhood of 400 East. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,750,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 386 x 242 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
This 5,158 SF free-standing building is ideally located in desirable South East Barrie, offering excellent visibility and exposure along Highway 400. Set on a 1.64-acre lot, the property provides ample on-site parking for 20 vehicles and a versatile layout suited for a range of professional or light industrial uses. The building is currently configured with approximately 4,344 SF of office space and 814 SF of production/warehouse area with a drive-in door, which includes a 252 SF mezzanine ideal for additional storage. Building features six washrooms and currently accommodates 29 staff with a bright and functional work environment. Owner had considered an expansion of a 5,188 SF addition, so give yourself the opportunity to expand operations or occupy the property as is. This property combines excellent exposure, accessibility, and growth potential in one of Barrie's most sought-after business areas. Currently occupied but being sold with vacant possession as of July 1.
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Pricing & Value Insights
Data-driven valuation for 10 Lockhart Road, Barrie, ON L4N 9G8
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About Purchasing a Home in Barrie, ON
For a property listed at $2,750,000 in Barrie, the legal minimum down payment is $550,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $55,225 for this transaction. As this listing is in Barrie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $55,225.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.