Confidential Development Opportunity: Prime Senior Housing Site in Barrie, ON

Description:

A rare and high-potential investment opportunity awaits in the heart of Barrie’s rapidly growing Waterfront Growth Corridor.

Highlights

Location & Size: ±2.19 acres (95,333 sq ft) of premium development land

Design Capacity: Zoning supports up to 250 senior apartment units — perfect for full-service retirement living with optional à-la-carte amenities

Strong Demand: Projected Demand-Supply Ratio (DSR) exceeds 4.0 by 2030, signaling robust market depth

Potential

Structure: Multiple mid-rise buildings totalling 292,929 sq ft of Gross Floor Area (GFA)

Configurations: Flexible units mix featuring 1- and 2-bedroom options

Parking: Allocated per seniors’ housing standards

Revenue Estimates:

Average rent projected at $3,000/month plus ancillary services

Valuation metrics: $6.9 M total (~$23.5/sq ft buildable, ~$27 K per door)


Strategic Location

Just minutes from Barrie’s waterfront, downtown core, GO Station, and Hwy 400 access

Proximity to major hospitals, pharmacies, medical clinics

Walkable to vibrant restaurants, cafés, community amenities, and regional transit

Why Now?

Supportive policy environment: Federal and provincial housing mandates are accelerating population and infrastructure growth across Simcoe County

Demographic tailwinds: The 75+ population in the area is projected to grow by 47% by 2034

Affordability advantage: Seniors 75+ in the region hold average liquid assets exceeding $490,000

Market gap: Limited comparable inventory highlights a clear undersupply

Comparable condo sales:

The Residences on Owen: $1,150/sq ft

Debut Condos: $1,050/sq ft

Friday Harbour (larger townhouse): $900/sq ft (>$2 million)
These figures illustrate the robust valuation benchmarks in the area.

Confidential Access

This opportunity is strictly confidential. Comprehensive project details—including site plans, financials, and feasibility data—are available only upon execution of a Buyer Representation Agreement (BRA) and Confidentiality Agreement (CA)