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Home ON Greater Barrie Springwater
424 PENETANGUISHENE ROAD
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424 PENETANGUISHENE ROAD $5,000,000
$5,000,000
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424 PENETANGUISHENE ROAD
Springwater (Centre Vespra), Ontario L4K4Y8

MLS® Number: S11909233

Listing Description

Location, Location, Location! Situated at the gateway to the north, this 53-acre property backs onto the Hwy 400 merge/split and fronts Hwy 93, offering unbeatable exposure. Just 500m from Georgian Drive, with quick access to RVH & Georgian College, this property is primed for success. An incredible investment opportunity for development or the perfect place to relocate your business, this property has the potential for over $1 million in sales from five core businesses, operating successfully for 25+ years. Revenue streams include a 9-hole golf course with pristine greens and stunning views, a 9000 sq. ft. clubhouse with turf garages, a practice driving range, a modern bistro restaurant, a grand ballroom and seasonal venue room, and four fully furnished rental suites that can generate over $4,000 in monthly revenue. Beyond its current operations, the property offers exciting development potential with 10 acres for expansion. The current zoning also allows the clubhouse expansion of a hotel with 40+ rooms for accommodation. With the City of Barrie expanding its boundaries, this property is poised to fall within city limits, unlocking unparalleled future growth potential. The current owner is retiring and willing to provide training. Don't miss this rare opportunity to own a prime piece of land with unlimited potential! (39679572)

Location Description

Hwy #400 To Hwy #93 South

Property Summary

Property Type
Vacant Land
Community Name
Centre Vespra
Land Size
662.47 ac
Annual Property Taxes
$4,500
Time on REALTOR.ca
96 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other (Natural gas)
Utilities
Utility Sewer
Septic System
Business
Business Name
Landings of Willow Creek
Neighbourhood Features
Amenities Nearby
Highway, Recreation

Measurements

Square Footage
53 ac

Land

Other Property Information
Zoning Description
Recreational
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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