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- LoopNet Team
901 Essa Rd
Barrie, ON L9J 0B1
Barrie Seniors’ Housing Site · Land For Sale
·
2.83 AC
INVESTMENT HIGHLIGHTS
- Unmatched location within Barrie’s highest-growth corridor
- Attractive price point and financial upside
- Robust demographic tailwinds and affordability metrics
- Scalable, flexible design poised for high occupancy revenue
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.83 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 2.83 AC |
DESCRIPTION
** Prime Investment Highlights** Site Area: ~2.19 acres (~95,333 sq ft) of shovel-ready land in a fast-evolving urban node. Approved Scope: Up to 250-unit senior apartment complex, ideal for full-service rental with optional à-la-carte amenities. Prestige Projection: Demand-Supply Ratio (DSR) is projected to exceed 4.0 by 2030, indicating deep market demand. ** Developer Potential** Configuration: Multiple mid-rise buildings (up to 15 storeys) yielding approximately 292,929 sq ft GFA. Unit Mix: Flexible combination of 1- and 2-bedroom suites tailored to seniors’ needs. Financials: List Price: $6.9 M (~$23.50/sq ft of buildable, ~$27K per door) Estimated Rent: ~$3,000/month per unit (plus ancillary services) ** Strategic Location Advantages** Connectivity: Minutes from the GO Station, waterfront, and downtown Barrie. Essential Services Nearby: Convenient proximity to hospitals, pharmacies, and medical clinics. Amenities: Within walking distance to cafés, restaurants, and recreational facilities. Transit Access: Easy access to Highway 400 and regional transit networks. ** Compelling Market Dynamics** Demographic Surge: The population aged 75+ in Simcoe County is forecast to grow by ~47% by 2034. Strong Affordability: Average liquid assets for this age group exceed $490,000. Undersupplied Market: Few comparable senior living communities exist currently in this catchment. ** Additional Insights** Rental Growth: Notable increase in rental rates across unit types over the past two years. Condo Value Comparison: Residences on Owen: ~$1,150/sq ft Debut Condos: ~$1,050/sq ft Friday Harbour (townhouse): ~$900/sq ft – example of upscale comparables. ** Confidential Access** This is a strictly confidential offering. Detailed site plans, pro forma financials, and brokerage materials are available upon execution of a Brokerage & Confidentiality Agreement (BRA & CA).
