Descripation

Investment and future development potential at 59 Brock Street in Barrie! Situated on a generous 80.75 ft. x 126.84 ft. lot, approximately 10,242 sqft., this property offers an opportunity for investors, builders and developers to explore future residential intensification in an established urban neighbourhood. The existing two-storey building is identified in assessment records as a triplex containing three residential units. The property features multiple utility meters, with utilities included in the rent for one unit, offering potential rental income while considering longer-term plans. The property is identified as RM2-zoned, with an Official Plan designation of Residential within a Major Transit Station Area (MTSA), according to available property records. Its substantial frontage, lot size and reported planning designations make it worthy of consideration for potential redevelopment, subject to municipal requirements and approvals. Preliminary planning inquiries have previously been undertaken, with supporting historical documentation available for review. Conveniently located near downtown Barrie, the waterfront, transit, shopping and established neighbourhood amenities. An opportunity to acquire an existing multi-unit residential property with potential for future redevelopment.