224 Ardagh Drive, Barrie, ON L4N 9L6

Barrie, ON

MLS® S13649528 · For Sale

$6,995,000

PRIME DEVELOPMENT OPPORTUNITY! Ideally located at the northwest corner of Ardagh Road and Ferndale Drive South, this approximately 1.08-hectare (2.67-acre) development site offers exceptional exposure and frontage on two major Barrie arterial roads. The lands provide approximately 212.60 feet (64.8 m) of frontage on Ferndale Drive South and 313 feet (95.4 m) on Ardagh Road. The property is zoned General Commercial with Special Provisions, C4 (SP-592), under City of Barrie Zoning By-law 2009-141. Site-specific zoning permits mixed-use development including block, cluster, street and stacked townhouse units. The zoning permits a maximum building height of 28 metres for the mixed-use building and 12.5 metres for townhouse units, with a minimum of 290 sq. m. (approximately 3,122 sq. ft.) of commercial space required within the mixed-use building.The City of Barrie's approved development concept contemplates 31 townhouse units together with a six-storey mixed-use building containing 50 apartment units and approximately 290 sq. m. of commercial space. The associated Site Plan Control application is listed by the City as approved with conditions issued.Strategically positioned at Ardagh Road and Ferndale Drive South, the site offers excellent visibility, strong surrounding residential growth and convenient access to Highway 400 and major transportation routes. An outstanding opportunity for developers, investors and builders seeking a significant mixed-use development site in southwest Barrie.Buyer and Buyer's Agent to complete their own due diligence with the City of Barrie regarding permitted uses, zoning, site-plan approvals and conditions, servicing, development charges and all other matters relating to future development.

Listed by CAPITAL NORTH REALTY CORPORATION