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  • For Sale
3.66 Acre Redevelopment Opportunity for a Mid-Rise Residential Project with Lake Simcoe Views - #1
3.66 Acre Redevelopment Opportunity for a Mid-Rise Residential Project with Lake Simcoe Views - #2
3.66 Acre Redevelopment Opportunity for a Mid-Rise Residential Project with Lake Simcoe Views - #3
3.66 Acre Redevelopment Opportunity for a Mid-Rise Residential Project with Lake Simcoe Views - #4

Three-Storey Medical Building with Development Potential

Colliers International (“Colliers” or the “Advisor”) is pleased to offer for sale 121 Wellington Street West (the “Property” or “Site”) a 3.66-acre parcel of land in Downtown Barrie located just south of Hwy 400 and currently improved with a three-storey medical office building comprising 39,491 SF of Gross Leasable Area (GLA). This site presents a unique opportunity for a phased residential development of an 8-12 storey building for phase one and a 6,12, and 14-storey building for phase two.

The proposed residential development will also include 4,542 SF and 4,349 SF of indoor and outdoor amenity space, as well as two levels of underground parking providing a total of 894 parking spaces. The total Gross Floor Area (GFA) proposed is 692,604 SF providing 804 residential units split into 80 studio, 402 one-bedroom, 241 two-bedroom, and 80 three-bedroom units. The site is conveniently located just West of Barrie’s Downtown Core and surrounded by several amenities while being within a 15-minute walk (1.2km) from the Downtown Barrie Transit Terminal.
Area Size
Site Area 159,295 SF (3.66 AC)