Business For Sale · Land

421 PENETANGUISHENE ROAD, Barrie (Georgian Drive)

421 PENETANGUISHENE ROAD, Barrie (Georgian Drive), ON L4M4R9

$6.7M total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

87%

Lot Size

39.6 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$6.70M
Down payment30% · $2.01M
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 421 PENETANGUISHENE ROAD, Barrie (Georgian Drive).

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.