481 Yonge Street, Barrie, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Painswick North. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,950,000 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 234 x 255 ft lot size
Description
Great opportunity. Ready to go site plan approved 4 storey building with 67 residential condo units. Excellent location on Yonge St. Close to Kempenfelt Bay, Go Stations, schools and amenities. Units range from 1 br at 740 sf to 3 br of 1350 sf. Majority of units are 2 br of 940 sf. Units are efficiently designed and well suited for owner occupiers. All plans (including engineering, mechanical, landscaping) and studies are available. Excellent opportunity to take advantage of HST relief. Potential to add density based on current comparable properties.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 481 Yonge Street, Barrie, ON L4N 4E1
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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 $4,950,000 in Barrie, the legal minimum down payment is $990,000 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 $110,225 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 $110,225.
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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.