For Sale · Land

155 & 157 ARDAGH ROAD, Barrie (Ardagh)

155 & 157 ARDAGH ROAD, Barrie (Ardagh), ON L4N3V5

$725,000 total

—

Asset Class

Land

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

100%

About this property

TWO SEPARATE LOTS!!! 155 Ardagh Rd and 157 Ardagh Rd to be sold together. Attention investors and builders, an exceptional opportunity to develop a semi-detached project on two residential lots in the highly sought-after Ardagh Bluffs. ZonedRM1, the original parcel has already been severed into two separate lots, offering a streamlined path to development. Ideally located with quick access to Highways 400 and 27, and surrounded by a full range of amenities including schools, parks, trails, daycare facilities, restaurants, cafes, and shopping. The lots back onto an established neighbourhood, providing a desirable and private setting. Municipal services are available at the lot line for ease of connection. Buyers & Buyer's Agent to complete their own due diligence. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$725K
Down payment30% · $218K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$40K

Annual cash flow

$49

Cash-on-cash

0.02%

DSCR

1.00

Going-in cap

5.55%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

118,692

Households

52,793

Median income

$90,000

Median age

45.6

Daytime population

108,379

5-yr growth

0.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 155 & 157 ARDAGH ROAD, Barrie (Ardagh).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.