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$6.7M total
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Asset Class
Land
Size
—
Building class
C
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
87%
Lot Size
39.6 ac
Excellent Development and Investment Opportunity! This 39.6-acre property is located within the City of Barrie boundaries and features commercial zoning, with a designation for future residential/commercial development.The property offers excellent access to Highways 400 and 11 via the Penetanguishene Road/County Road 93 interchange.Currently operating as a successful winery and event venue, the property features extensive existing infrastructure, including a 3,200 sq. ft. winery production facility, retail store with walk-in coolers, established vineyard, large climate-controlled event venue, outdoor ceremony areas, gazebos, and parking for approximately 160 vehicles.Also situated on the property is a charming 1,900 sq. ft., three-bedroom farmhouse, currently used for event guest accommodations, with potential for short- or long-term rental income.The existing business may be willing to lease back the premises, or a buyer may have the opportunity to take over operations.An exceptional opportunity to generate income from an established commercial property while positioning for future development! (id:66811)
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Monthly debt service
$31K
Projected NOI
$255K
Annual cash flow
$-116K
Cash-on-cash
-5.77%
DSCR
0.69
Going-in cap
3.81%
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.
Trade area within 3 miles of the property.
Population
117,070
Households
52,866
Median income
$102,000
Median age
33.2
Daytime population
124,170
5-yr growth
1.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 421 PENETANGUISHENE ROAD, Barrie (Georgian Drive).
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.