381-387 Mapleview Drive, Barrie, ON Image 1

$2,275,000

Office For Sale
MLS - #S12146182
23 hours ago- By SUTTON GROUP INCENTIVE REALTY INC.

381-387 Mapleview Drive, Barrie, ON L4N 9G4

Bed
3 Bath
5153 Sqft.
Outside/Surface Garage

Property Description

Property type

Office

Lot size

N/A

Style

Approx. Area

5153 Sqft

About 381-387 Mapleview Drive

Unlock Prime Redevelopment Potential in Barrie's Booming South End. Now available for $2,275,000! 381-387 Mapleview Drive W. offers a rare office investment opportunity with immediate income and long-term upside. Featuring two fully leased office buildings on 0.665 acres with 179' of frontage on Mapleview Drive W., this site currently generates enough income to garner a potential 5.5% cap rate and boasts flexible C4 zoning that allows for many different uses. New Official Plan and draft Zoning designates the property as "Neighbour Area" & "Neighbourhood Commercial" positioning it for future redevelopment in one of Barrie's fastest-growing corridors. Located just west of Essa Road and steps from the Salem Secondary Plan, surrounded by major residential expansion and infrastructure improvements, this property wont last long. View the full brochure to review the investment case. Seller willing to sign headlease and lease back - subject to rental terms and rates (to be negotiated), or provide immediate or planned future vacant possession, at Buyers request and necessity.

Home Overview

Last updated

23 hours ago

Virtual tour

None

Basement information

Building size

5153

Status

In-Active

Property sub type

Office

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
227500000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 381-387 Mapleview Drive

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$8688.96/ month

Some information about this property - Mapleview Drive

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