Welcome to this remarkable Bungalow detached located in the coveted neighborhood of South Shore. Expertly crafted featuring premium stone and wood construction, this residence presents an exceptional opportunity offered at $1,125,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
A truly remarkable property in one of the area's most unique waterfront-adjacent settings. Originally severed from the neighbouring marina, this property was home to the area's only residence when first built in 1974 and now offers endless possibilities for redevelopment, expansion, or creating a custom dream home. Surrounded by nature, the property boasts over 400 feet of ravine frontage alongside the marina, while the rear of the lot overlooks Lovers Creek and a lush, environmentally protected landscape. Enjoy incredible privacy with stunning natural views, abundant wildlife, soaring birds of prey, and visiting cranes throughout the summer. The expansive lot provides ample space for virtually any outdoor amenity imaginable, including extensive gardens, a swimming pool, ponds, or even a private tennis or pickleball court. From a future second-storey design, rooftop patio, or elevated viewing area, you'll enjoy panoramic forest views stretching beyond the treetops. Adding to its appeal is a grandfathered oversized detached garage and an existing residence that presents a significant development advantage. Whether you choose to renovate, build on the existing foundation, or construct a new custom home, the presence of the current dwelling may help reduce development costs and provide the opportunity for conventional mortgage financing. Additional features include a double-lined well approved by the municipality, currently not in use, offering potential access to a valuable secondary water source for irrigation, pools, or water features. The sandy hillside setting provides excellent natural drainage, and the property has never experienced water in the basement. Mature landscaping further enhances the beauty and character of this remarkable parcel. Located just steps from a waterfront park, this is a special property where location, privacy, and future value come together to create an exceptional investment opportunity.
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Park, Ravine, Rec./Commun.Centre, Wooded/Treed, School, Sloping
Primary Bedroom - Main Floor
Alarm System
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 68 Royal Oak Drive, Barrie, ON L4N 7S5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Barrie.
About Purchasing a Home in Barrie, ON
For a property listed at $1,125,000 in Barrie, the legal minimum down payment is $225,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $18,975 for this transaction. As this listing is in Barrie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $18,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.