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  • For Sale by Court Order | Prime 55-Acre Mixed-Use Development Opportunity at 175-199 Essa Road and 50 Wood Street, Barrie, Ontario

For Sale by Court Order | Prime 55-Acre Mixed-Use Development Opportunity at 175-199 Essa Road and 50 Wood Street, Barrie, Ontario

Author

Insolvency Insider
September 15, 2025

KSV Restructuring Inc., in its capacity as Court-appointed Receiver, is soliciting offers for the purchase of the project and lands located at 175-199 Essa Road and 50 Wood Street, Barrie, Ontario.

PROPERTY ATTRIBUTES 

  • Site area of approximately 55 acres.

  • Close proximity to the Allandale Waterfront GO Station and Highway 400.

  • Highly desirable location in Barrie with significant residential development potential. Current zoning application includes approximately 3,200 residential units. 

The following table sets out they key milestones under the Sale Process which are as follows: 

Milestone

Deadline

LOI Deadline

October 13, 2025 (5:00 p.m. EST)

Qualified Bid Deadline

October 28, 2025 (5:00 p.m. EST)

Selection of Qualified Bid(s)

October 30, 2025 (5:00 p.m. EST) 

Auction (if required)

Within 3 business days of the Receiver determining an Auction will take place

Motion Materials Served for the Approval and Vesting Order

Within 15 calendar days after the selection of the Successful Bidder

Closing Date

As soon as reasonably practicable after the Approval and Vestin order

Additional information is available at the link below including the sale process, marketing brochure and the NDA.  Parties that sign the NDA will receive access to the virtual data room which includes additional information regarding the property. Please contact Dean Perlman of the Receiver’s office at [email protected] or (437)-888-9842 if you have any questions. 

Interested parties that intend to make a bid are required to deliver a letter of intent (LOI) to the Receiver by no later than at 5:00PM Eastern Standard Time on October 13, 2025. All qualified bids are due no later than at 5:00 PM Eastern Standard Time on October 28, 2025.