264 Salem Rd
Rural Barrie Southwest, Barrie, L9J 0C6
FOR SALE
$2,950,000
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4
BEDROOMS5
BATHROOMS1
KITCHENS20
ROOMSS10402737
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Property Description
Attention BUSINESS OWNERS, DEVELOPERS & INVESTORS! Perfectly set up for Small Business Owners to live in the residential bungalow with attached triple car garage while operating their home based business (commercial space is 2 levels with 5753 sq ft - former dance studio) adjacent to where they live situated on the same property. Triple car garage & Studio space was built in 2008. Studio space has 3 AC units. The current rural residential zoning allows for Accessory Uses which includes Home Occupation! In the new proposed City of Barrie Zoning By-Law, the subject property is Neighbourhood Low 2 (NL2), which would permit commercial and retail uses since salem rd is identified as a collector road. The commercial area was designed for a Dance Studio but offers plenty of other potential uses such as daycare, pre-school, gym, spa, gymnastics, mma and so many other potential uses (may require minor variances or zoning amendment through city of Barrie). 264 Salem road is strategically situated in Barrie's South West annexed land in South West on total 4.62 Acres of prime land in Phase 1 of the Salem Secondary Plan. 210 ft of frontage on Salem Rd. Large Residential bungalow was built in 1967 and is 2168 sq ft above grade which consists of 4 spacious bedrooms at 2 full bathrooms. Nicely updated main level with hardwood floors, updated kitchen with stainless steel build in appliances. This unique property has 1 well plus 2 septic systems on the property. Very private property with beautiful trees edging the land.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-31 | 2024-10-31 | 153 | $2,950,000 | - | Expired |
Nearby Intersections
Essa & Mapleview (40)
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
210' x 610'
Acreage
2-4.99
Fronting
North
Taxes
$16,116 (2023)
Basement
Full, Unfinished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
None
Water
Well
Parking Spaces
37
Driveway
Private
Garage Type
Attached
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Barrie Market Statistics
Barrie Price Trend
264 Salem Rd is a 4-bedroom 5-bathroom home listed for sale at $2,950,000, which is $1,987,026 (206.3%) higher than the average sold price of $962,974 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Barrie increased by $95,988 (11.1%) compared to the previous 30 day period (December 22 - January 20) and up $116,846 (13.8%) from the same time one year ago.Inventory Change
There were 86 4-bedroom homes listed in Barrie over the last 30 days (January 21 - February 19), which is up 50.9% compared with the previous 30 day period (December 22 - January 20) and up 28.4% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Barrie typically sold ($23,180) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,254 decrease compared to the previous 30 day period (December 22 - January 20) and ($25,512) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Barrie over the last 30 days (January 21 - February 19) stood at 57.0%, up from 38.6% over the previous 30 days (December 22 - January 20) and up from 52.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Barrie stood at 20 days when successfully sold over the last 30 days (January 21 - February 19), compared to 81 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 B.J. Roth Realty Ltd.
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