$1,150,000
28 CAROLINE STREET
Beds
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About this home
Prime Land Assembly Development in Barrie. Offering three contiguous properties 22, 26 & 28 Caroline Street totaling approx. 32,214 Square Feet of Land. All three properties must be purchased together as a package. Exceptional investment and development opportunity in the heart of Barrie's urban core & Transportation Corridor. Directly backing onto a development on Jacobs Terrace featuring two approved buildings. This assembly has already completed a Pre-Consultation process with City Planners and includes a conceptual rendering that aligns with Barrie's current Official Plan parameters positioning this site as a turnkey opportunity for developers. Rental income totaling $10,000 plus monthly. With growing demand for intensification in central Barrie and nearby projects moving ahead, this is your chance to secure a footprint in one of the city's most transformative areas. Don't miss this rare chance to invest in Barrie's future. (id:65958)
- Subtype
- Multi-family
- MLS#
- S13006652
- Area
- BARRIE_(ALLANDALE_CENTRE)
Cash on cash
-11.61%
Cap rate
3.57%
GRM
16.7
Break-even rent
$8,093
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.