264 Salem Road, Barrie, ON
Property no longer active
This property was sold on March 27, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Barrie Southwest. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $2,850,000 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.
- 4 Bedrooms and 5 Bathrooms
- Generous living space spanning 5000 + sqft on a premium 210.06 x 610 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 40.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Water Heater Owned
- Efficient forced air heating via propane
Description
Attention BUSINESS OWNERS, DEVELOPERS & INVESTORS! Perfectly set up for Small Business Owners to live in the residential bungalow with attached triple car garage while operating their home based business (commercial space is 2 levels with 5753 sq ft - former dance studio) adjacent to where they live situated on the same property. Triple car garage & Studio space was built in 2008. Studio space has 3 AC units. The current rural residential zoning allows for Accessory Uses which includes Home Occupation! In the new proposed City of Barrie Zoning By-Law, the subject property is Neighbourhood Low 2 (NL2), which would permit commercial and retail uses since salem rd is identified as a collector road. The commercial area was designed for a Dance Studio but offers plenty of other potential uses such as daycare, pre-school, gym, spa, gymnastics, mma and so many other potential uses (may require minor variances or zoning amendment through city of Barrie). 264 Salem road is strategically situated in Barrie's South West annexed land in South West on total 4.62 Acres of prime land in Phase 1 of the Salem Secondary Plan. 210 ft of frontage on Salem Rd. Large Residential bungalow was built in 1967 and is 2168 sq ft above grade which consists of 4 spacious bedrooms at 2 full bathrooms. Nicely updated main level with hardwood floors, updated kitchen with stainless steel build in appliances. This unique property has 1 well plus 2 septic systems on the property. Very private property with beautiful trees edging the land.
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Property Summary
This detached home located at 264 Salem Road, Barrie is currently for sale and has been available on SousaSells for 505 days. This property is listed at $2,850,000 with an estimated mortgage of $9,487* per month. It has 4 beds, 5 bathrooms, and is 5000 + square feet. 264 Salem Road, Barrie is in the Rural Barrie Southwest neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Rural Barrie Southwest, Barrie.
- •4 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Rural Barrie Southwest, Barrie.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Greenbelt/Conservation
- Level
- River/Stream
- Wooded/Treed
Interior Features
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 264 Salem Road, Barrie, ON
Q.What is the asking price for 264 Salem Road, Barrie, ON ?
The current listing price for 264 Salem Road, Barrie, ON in Rural Barrie Southwest, Barrie is $2,850,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 5 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 264 Salem Road, Barrie, ON ?
264 Salem Road, Barrie, ON is a Detached (Bungalow) featuring a Full, Unfinished basement.
Q.What key property features does 264 Salem Road, Barrie, ON offer?
Key property features include: Greenbelt/Conservation, Level, River/Stream, Wooded/Treed.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 40.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Propane and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 264 Salem Road, Barrie, ON L9J 0C6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Barrie, ON
For a property listed at $2,850,000 in Barrie, the legal minimum down payment is $570,000 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 $57,725 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 $57,725.
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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.