Well all the buzz lately for Barrie Ontario real estate investors has finally been on the downtown core and its revitalization plans. It all started about a year ago with Roger Brooks coming into town and laying out the road map for downtown Barrie's future growth.
That started the ball rolling and the City of Barrie can finally claim that "things are happening" downtown with the launch of the new Mady Development project at the corner of Mulcaster and Collier. The LakeView Condo sales center opened last week and drew crowds and line-ups very much like other hot condo markets. Prices starting at $159,900 with water views is probably one good reason people snapped them up. As anyone within an hour of Toronto can attest, where are you going to find water views under 200k?
From an investors viewpoint, average rents in Barrie for 2 bed condo would run roughly at 1100 plus. Without going into great detail, this obviously is a condo to invest in. Unlike Toronto where a break even scenario is a far off dream and `just covering the mortgage payment`is a reality, Barries new LakeView condos will be an opportunity to get into the real estate investment game with prices hovering around the 350 per sqft level. Toronto hasn`t seen something like that since 2004.
Click here for more info http://www.lakeviewbarrie.com/
For more info on Investing in real estate in the Barrie, Orillia, Innisfil area call Mark Vosylius 416-779-2897
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