Exceptional opportunity in the heart of Central Barrie with zoning that allows for tri-plex potential, offering incredible flexibility for investors, builders, or buyers looking to secure a property with future income possibilities. Properties like this are rarely offered, especially with a lot this size in such a prime in-town location. Set on an oversized lot that is hard to find within the city, the property features a private backyard retreat complete with a built-in BBQ area and wood-burning stove, creating a unique outdoor space perfect for entertaining or relaxing. The home has seen numerous updates over the years, including updated electrical, central air conditioning, high-efficiency furnace, and a newly finished bathroom, making it comfortable to live in while planning renovations, expansion, or redevelopment. Located just minutes from downtown, Barrie's premiere waterfront, shopping, schools and parks. Excellent commuter location. Minutes from Highway 400 and the Waterfront Go Train. This property offers the perfect combination of location, lot size, and future potential.