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$ 2,275,000
Est. payment /mo
New
381-387 Mapleview DR W Barrie, ON L4N 9G4
3 Baths
5,153 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,153 sqft
Price per Sqft $441
Subdivision Holly
MLS Listing ID S12146182
Building Age 31-50
Annual Tax Amount $18,436
Tax Year 2025
Property Sub-Type Office
Property Description
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.
Location
Province ON
County Simcoe
Community Holly
Area Simcoe
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 179.33
Lot Depth 189.0
Others
Security Features Yes
Listed by SUTTON GROUP INCENTIVE REALTY INC.
418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada