Are you looking to invest in Barrie Real estate? For a long time, real estate investors have had their eyes on Ontario’s hotter markets, such as Hamilton, Toronto, and Ottawa. But this is changing! Barrie City is proving to be a very solid choice for Ontario real estate investors.

Barrie, central Ontario’s premier waterfront community, is located on the western shore of Lake Simcoe and neighbors the Golden Horseshoe. It lies within an industrial region that includes Hamilton, Toronto, Ottawa, Brantford and Peterborough. Barrie is a beautiful city in close proximity to winter retreat destinations and the touristy Muskoka region.

Barrie, situated within Simcoe County, boasts a low unemployment rate. The city is receiving a lot of people relocating to find employment in the city. Several multinational corporations have established their headquarters in the city, including Coca Cola, Sun Media, and IBM.

Many of the city’s street names reflect the military presence of British troops. The city itself is named after Admiral Sir Robert Barrie.

The area has so much to offer to its residents within the city. Barrie is defined by waterfront views and fantastic amenities.

Other factors that work in the favor of investors include:

• An increase in rental rates thanks to a low housing supply. The city has tried to mitigate this issue by allowing property owners to convert single residences into multi-unit rentals to be rented out.
• The Bank of Canada has made borrowing cheaper and investing more rewarding. The Covid-19 pandemic has resulted in the central bank slashing its interest rates. This is very helpful to borrowers, as they are able to borrow more with the new rates and, therefore, able to purchase more properties.

In this article, AMR Group Property Management Specialists will go over the top areas in Barrie that are promising in terms of returns and liveability. We’ll give you information about the various neighborhoods in Barrie to help you make your decision. 

The Best Barrie Neighborhoods to Buy Real Estate

One problem that an investor has to face when buying property is finding the ideal neighborhood to choose from. Barrie is no exception. In addition, different investors look for different requirements in their ideal neighborhood.

If you are interested in Barrie’s property market, the question of which neighborhood has been answered below.  

Painswick

One of the southernmost neighborhoods in this list, Painswick is a popular residential area because of how close it is to quality services and amenities. Residents of this neighborhood enjoy easy access to premier schools (such as Warnica Public School), shopping areas, restaurants, and a public library (the Barrie Public Library).

The Painswick area is also known for its beautiful scenery. Nature lovers can choose from several parks and natural spaces to enjoy, which includes the massive Lovers Creek Ravine that runs through the neighborhood.

Bayshore

This is a more mature neighborhood located on the southeast side of the city. The houses in the area are older than those in neighboring areas. But on the bright side, these houses are spacious compared to the newer alternatives in other areas, offering a bigger property for your money.

There are detached bungalows and split-level houses with ample properties and pleasant landscaping. North of Big Bay Road, there is a new subdivision with more two-storey property options. Since this area is a bit newer, the lot sizes are long and narrow, like most of Barrie’s more modern subdivisions.

Another reason why the neighborhood is popular among families is for its quiet streets lined with beautiful large trees. There’s also the availability of good-quality schools that are the top-performing in the region, such as Hewitt’s Creek Public School and Algonquin Ridge.

Other amenities include nearby shopping and dining spots along Big Point Road, and beautiful squares such as Bayshore and Kuzmich Parks.

Ardagh

If you love green spaces, then Ardagh is the investment neighborhood for you. Whether you’re looking for stunning backyard views or exciting nearby trails, this Barrie neighborhood showcases nature at its finest.

Ardagh is a residential region located at the core of the city. Homes here range from both new and older condominium units, bungalows, and even some homes with newer, larger floor plans. Residents can enjoy a number of great schools serving the neighborhood.

There are also beautiful parks, hiking trails and natural sights close to the neighbourhood. The main natural attractions are Ardagh Bluffs Nature Area and Bear Creek Eco Park.

Allandale

This area is located on the southwestern corner of Kempenfelt bay. It is one of the oldest areas in Barrie and has the heritage homes to show for it.

Thanks to the concentration of hundred-year-old homes, Allandale has its own heritage walking tour which includes Allandale station and several community and commercial buildings.

Residents of Allandale enjoy the convenience of living close to Barrie’s downtown and all of the shopping, dining, and waterfront views it offers.

Sunnidale

Large properties? Check. Beautiful bungalows? Check. Mature, huge trees? Check. These are the three attributes that can describe Sunnidale. The neighborhood enjoys a cool climate that attracts families from far and wide.

Sunnidale has a number of options for the ultimate weekend experience. The most popular destination is Sunnidale Park, where families bring their barbecues and have a bonding experience. It’s also a hiking location in the summer and a destination for tobogganing in the winter.

In conclusion: Barrie Real Estate Market  

With its affordable cost of living, good employment prospects and moderate climate, Barrie City is receiving new residents on a daily basis. Barrie also ranks highly in the list of places to move to when looking for a comfortable and quieter lifestyle. 

Thanks to its unique qualities, it is able to attract even more people and has become a city to pay attention to, especially in real estate investment.

If you are looking to purchase an investment property in Barrie City, we at AMR Group Property Management Specialists advise that you consider the following neighborhoods: Sunnidale, Allandale, Ardagh, Bayshore, and Painswick.

Please do not hesitate to contact us if you have any questions regarding the Barrie area or about investment opportunities in the region. You can also reach us on our official website.