119 Essa Road, Barrie, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Allandale. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $980,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 68 x 165 ft lot
- 9.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Prime Development Opportunity in the Heart of Barrie! Rare opportunity to acquire a premium development site at 119 Essa Road, ideally positioned on one of Barrie's main arterial routes. The property currently features a detached 1,350 sq. ft. residence offering 2 bedrooms plus a den, 1 full bathroom and 1 half bathroom, along with a fully detached 3-car garage, providing immediate usability or rental potential while exploring future redevelopment options. This highly visible location offers exceptional transit accessibility, situated directly on a public bus route and just steps from the Barrie Bus Terminal and Allandale GO Station, making it ideal for transit-oriented development. Quick and convenient access to Highway 400 further enhances connectivity for residents and commuters alike. The property sits on a generous 68 ft x 165 ft lot, offering ample frontage and depth for redevelopment. Surrounded by ongoing intensification, neighboring properties have received minor variances approved by the City of Barrie permitting up to a 5-storey multi-dwelling residential build, underscoring the strong redevelopment potential of this location. Located minutes from downtown Barrie, waterfront amenities, shopping, restaurants, and major employment hubs, this site represents an outstanding opportunity for developers and investors looking to capitalize on a rapidly evolving urban corridor.
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Pricing & Value Insights
Data-driven valuation for 119 Essa Road, Barrie, ON L4N 3K8
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About Purchasing a Home in Barrie, ON
For a property listed at $980,000 in Barrie, the legal minimum down payment is $73,000 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 $16,075 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 $16,075.
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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.