| Message Number | 421228 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | Joint Venture, Site Plan approved in Barrie 2 Acre Mix Use 4 Stories with 78 Condo / Rental + 6 Retail Units, All Services to Lot $1,680,000 for 33% ownership. | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | November 21 2023 | ||||||||
| Type Description | 2 Acre Mix Use, 4 Stories Condo Development Land | ||||||||
| Location | Barrie | ||||||||
| Price | $1,680,000.00 | ||||||||
| Price Comment | Joint Venture | ||||||||
| Building area | 80000 | ||||||||
| Site area | 2 Acres | ||||||||
| Zoning | C4-High Density Mixed Use Residential & Commercial | ||||||||
| Comments | 2 Acre 4- Stories 85,000 Sq Ft with 78 Residential + 5 Retails units. We have the followings,
1. Site Plan Approved. 2. Financial Cost Analysis Available showing Cost of $22 Million. 3. Feasibility Study Available, showing at 4.5 % Cap Rate value of $36 to $38 Million 4. Existing Environmental Phase 2 with Record of Site Condition available 5. Joint Venture 33 % partnership. 6. Projected Net Gross Profit $16 Million, 33% Share = $5.33 Million Profit We are in the business of developing land and bringing to the Market. C4-High Density Mixed Use Residential & Commercial |
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| Internet Links | |||||||||
| Member Identifier | 3231 | ||||||||
| Client Details | Builder/Developer | ||||||||
| Motivation Rating | -- NONE -- | ||||||||
| Client Will | -- NONE -- | ||||||||
| Control | Partner | ||||||||
| Name | Manjit Banwait | ||||||||
| Title | Broker of Record | ||||||||
| Company Name | Premier Group Realty Inc. Brokerage | ||||||||
| Address Line One | 12 Chiavatti Drive | ||||||||
| City | Markham | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L3R 1E2 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (416)879-5700 | ||||||||
| Cell Number | 416-283-1600 | ||||||||
| Home Number | 416-283-1600 | ||||||||
| FAX Number | 905-604-2572 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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