$980,000 - 119 Essa Road, Barrie
Detached for Sale in Barrie
109 days on market- MLS Number
- S12647460
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RARE REAL ESTATE
Prime Development Opportunity in the Heart of Barrie! Rare opportunity to acquire a premium development site at 119 Essa Road, ideally positioned on one of Barrie's main arterial routes. The property currently features a detached 1,350 sq. ft. residence offering 2 bedrooms plus a den, 1 full bathroom and 1 half bathroom, along with a fully detached 3-car garage, providing immediate usability or rental potential while exploring future redevelopment options. This highly visible location offers exceptional transit accessibility, situated directly on a public bus route and just steps from the Barrie Bus Terminal and Allandale GO Station, making it ideal for transit-oriented development. Quick and convenient access to Highway 400 further enhances connectivity for residents and commuters alike. The property sits on a generous 68 ft x 165 ft lot, offering ample frontage and depth for redevelopment. Surrounded by ongoing intensification, neighboring properties have received minor variances approved by the City of Barrie permitting up to a 5-storey multi-dwelling residential build, underscoring the strong redevelopment potential of this location. Located minutes from downtown Barrie, waterfront amenities, shopping, restaurants, and major employment hubs, this site represents an outstanding opportunity for developers and investors looking to capitalize on a rapidly evolving urban corridor.
Estimate your monthly payments for this property
Estimated Payment
$5,027.91/mo
Includes CMHC insurance ($27,342)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Barrie
Barrie is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Barrie
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Barrie offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
119 Essa Road, Barrie
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $891/sqft, this property is priced in line with current Barrie market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 109 days on site, this property has exceeded the typical selling timeline for Barrie. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Barrie are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.