Schoolhouse

About Schoolhouse

• Address: 242 Penetanguishene Rd & 244 Penetanguishene Rd, Barrie
• Neighbourhood: Georgian Drive
• Storeys: 1
• Units: 32
• Built Year: 2016
• Builder: Fernwood Developments
• Building Type: Townhouse
• Suite Sizes: Not specified
• Average Price: Not specified / sq. ft.

Overview of Schoolhouse

Completed in 2016, Schoolhouse is a stacked townhouse complex in East Barrie. The project was a new build rather than a heritage school conversion.

The development was part of a multi-phase condominium project formerly known as Georgian Meadows. This community consists of six buildings, with Schoolhouse contributing 32 units to the site.

The low-rise design integrates into the residential area near the college campus, addressing demand for housing within an institutional corridor.

Suite Sizes & Value

Units are configured as stacked townhouses. Square footage ranges and interior layouts are not documented in public real estate registries.

The floor plans were designed for investment utility. The units were marketed to be leased to the student population attending the adjacent college.

Value is tied to its niche as a purpose-built rental property. Market value is assessed based on rental income potential rather than residential appreciation markers.

Average Price: Not specified / sq. ft.

Building Amenities & Features

• Functional Design: Features focus on the practical requirements of townhouse living and high-occupancy tenancies.
• Campus Proximity: The primary feature is the location adjacent to academic facilities.
• Communal Assets: Records do not document any communal amenities such as fitness centres, concierges, or shared rooftop terraces.

Location Highlights

• Georgian College Barrie Campus: Located adjacent to the campus, serving the institutional demographic.
• Penetanguishene Road: Access to local transit routes and regional commuting corridors.
• East Barrie Connectivity: Situated near services and retail hubs that support the student and faculty population.

Lifestyle Near Schoolhouse

The proximity to Georgian College creates an academic-focused environment. The demographic is composed of students and faculty.

The area has a rental-first environment catering to investors and tenants. It lacks the seclusion of traditional suburban areas, focusing instead on academic convenience.

About the Developer

Fernwood Developments marketed this project as a student-focused investment opportunity. Historical records indicate the company faced financial distress during the project lifecycle. The developer was placed into receivership following a $19.95 million loan from MarshallZehr Group Inc.