Message Number421228
Subject LineJoint Venture, Site Plan approved in Barrie 2 Acre Mix Use 4 Stories with 78 Condo / Rental + 6 Retail Units, All Services to Lot $1,680,000 for 33% ownership.
Business area
Northern Ontario
Barrie and Orillia
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Date of ListingNovember 21 2023
Type Description2 Acre Mix Use, 4 Stories Condo Development Land
Price CommentJoint Venture
Building area80000
Site area2 Acres
ZoningC4-High Density Mixed Use Residential & Commercial
Comments2 Acre 4- Stories 85,000 Sq Ft with 78 Residential + 5 Retails units. We have the followings,
1. Site Plan Approved.
2. Financial Cost Analysis Available showing Cost of $22 Million.
3. Feasibility Study Available, showing at 4.5 % Cap Rate value of $36 to $38 Million
4. Existing Environmental Phase 2 with Record of Site Condition available
5. Joint Venture 33 % partnership.
6. Projected Net Gross Profit $16 Million, 33% Share = $5.33 Million Profit
We are in the business of developing land and bringing to the Market.
C4-High Density Mixed Use Residential & Commercial
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Client DetailsBuilder/Developer
Motivation Rating-- NONE --
Client Will-- NONE --
NameManjit Banwait
TitleBroker of Record
Company NamePremier Group Realty Inc. Brokerage
Address Line One12 Chiavatti Drive
Zip/Postal CodeL3R 1E2
Business Phone Number(416)879-5700
Cell Number416-283-1600
Home Number416-283-1600
FAX Number905-604-2572
Email AddressSend Email
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