For Sale

424 Penetanguishene Road, Springwater (Centre Vespra), Ontario L4K4Y8

$5,000,000

424 Penetanguishene Road, Springwater (Centre Vespra), Ontario L4K4Y8 is For Sale and has a listing price of 5,000,000. The property is located in the Springwater neighbourhood. It's been on the website for 48 Days.

  • Vacant Land
    Property Type
  • MLS ID: S11909233
  • Office Name RE/MAX WEST REALTY INC.
Property Description

Location, Location, Location! This 53-Acre property on the edge of Barrie backing on to Hwy 400 & fronting on Hwy 93, offers a prime investment opportunity &/or the perfect location to move your business. With the potential of over $1 million in sales, with 5 current core businesses, with over 25 years of operation, revenues from a 9-hole golf course, a 9000 Sq Ft clubhouse with a turf garages, pristine greens, stunning views, revenues also from practice driving range, a modern bistro restaurant, a remarkable grand ballroom, a seasonal venue room & with four fully furnished rental suites, with the potential to generate over $4,000 in monthly revenue. With exciting development potential, this property includes 10 acres for expansion, an 8-acre driving range, and the opportunity to add two more storeys with 40+ accommodation rooms to the clubhouse. The City of Barrie is currently expanding its boundaries, and under the current proposal, this property will soon be within city limits offering unparalleled future growth potential. Located just 500m from Georgian Drive and with close access to RVH, Georgian College, and Hwy 400, this property is perfectly positioned for success. The current owner is retiring and willing to provide training. Don’t miss out on this rare opportunity to secure a prime piece of land with unlimited potential! (id:43137)

Property Details
  • MLS ID: S11909233
  • Price: $5,000,000
  • Transaction Types: For Sale
  • Ref ID: 27770339
  • Year Built: N/A
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
01/06/2025 S11909233 $5,000,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Springwater
  • $1,286,890 Average List Price
    based on 1 year
  • 72 New Listings
    based on 30 days
  • 94 Median Days on Market
    based on 1 year
  • List vs. Selling Price 171.42 % Up
  • Sold (12mo) 198
  • Rented (12mo) 58

  • 1 Month Change +33.5%
  • 3 Month Change +16.3%
  • 6 Month Change +14.2%
Walkscore
Property Type Distribution
  • All Houses
    90.06%
  • Commercial
    7.79%
  • Condo
    1.26%
  • Land for Sale
    0.89%
Additional Details
  • Sewers Septic System
  • Heat Source Natural Gas
  • Heating System Other
  • Cooling System Fully Air Conditioned
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 06/01/2025 00:00:00
  • Zoning Rr Restricted Residential
  • Agent Name: MAAHUM AHMAD
  • Last Updated: 19/02/2025 15:34:54
Open House Dates
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