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$2,275,000
Available - For Sale
Listing ID: S12146182
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.
Price $2,275,000
Taxes: $18,436.46
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner+T
Address: 381-387 Mapleview Driv West , Barrie, L4N 9G4, Simcoe
Postal Code: L4N 9G4
Province/State: Simcoe
Legal Description: Lt 5 Pl 1037 Innisfil except Pt 42 51R24
Directions/Cross Streets: Essa Road
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Office
Use: Professional Office
Building Percentage: T
Total Area: 5,153
Total Area Code:  Sq Ft Divisible
Office/Appartment Area: 5153
Office/Appartment Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Approximatly Age: 31-50
Maintenance: 0
Net Income Before Debt: $124964
Expenses Actual/Estimated: $Act
Sprinklers: Yes
Outside Storage: F
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Interest Rate: %  
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SUTTON GROUP INCENTIVE REALTY INC.

381-387 Mapleview Driv West , Barrie, L4N 9G4, Simcoe


 
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At a Glance:
Type: Com - Office
Area: Simcoe
Municipality: Barrie
Neighbourhood: Holly
Style:
Lot Size: x 189.00(Feet)
Approximate Age: 31-50
Tax: $18,436.46
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
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