Opportunity meets location at 191 Anne St S in Barrie's desirable Allandale neighbourhood! Offering over 1,500 finished sq ft, this 3-bedroom character home features a versatile layout with one bedroom conveniently located on the main floor, perfect for those seeking easier day-to-day living without relying heavily on stairs. The partially finished basement offers a spacious family room complete with a cozy gas fireplace - perfect for relaxing or entertaining, while still leaving additional space to customize to your needs. An excellent opportunity for first-time home buyers looking to break into the market while still having space to grow, this home also offers incredible potential for investors and future redevelopment. Location is key here, with just a 15-minute walk to both the Allandale GO Station and the beautiful shores of Lake Simcoe. Enjoy being close to parks, schools, shopping, restaurants, and everyday amenities, all while living in one of Barrie's most desirable mature communities. For investors and future planners, the RM1 zoning provides exciting potential, specifically permitting semi-detached dwellings and duplexes. Buyers are encouraged to complete their own due diligence with the municipality regarding any future development or permitted uses. Whether you're looking to move in, invest, or explore redevelopment opportunities down the road, this property offers exceptional value and potential. A property with this location, flexibility, and future opportunity doesn't come along often - don't miss it!