264 Salem Rd

FOR SALE
$2,950,000
264 Salem Rd, Barrie
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
264 Salem Rd
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4
BEDROOMS
5
BATHROOMS
1
KITCHENS
20
ROOMS
S10402737
MLSID
Contact Us
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.
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
Property Details
Street
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
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 $2,024,221 (218.7%) higher than the average sold price of $925,779 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in Barrie declined by $33,718 (3.5%) compared to the previous 30 day period (September 22 - October 21) and up $54,946 (6.3%) from the same time one year ago.
Inventory Change
There were 98 4-bedroom homes listed in Barrie over the last 30 days (October 22 - November 20), which is down 1.0% compared with the previous 30 day period (September 22 - October 21) and down 5.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Barrie typically sold ($22,724) (2.5%) below asking price over the last 30 days (October 22 - November 20), which represents a $6,276 increase compared to the previous 30 day period (September 22 - October 21) and ($43,157) 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 (October 22 - November 20) stood at 39.8%, down from 40.4% over the previous 30 days (September 22 - October 21) and up from 23.1% 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 28 days when successfully sold over the last 30 days (October 22 - November 20), compared to 61 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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