Positioned in the heart of downtown Barrie, 139 Mulcaster Street offers a rare blend of luxury, privacy, and entrepreneurial flexibility. This expansive ravine lot spans approximately 0.58 acres and backs onto lush greenspace, creating a serene urban retreat just steps from the city’s vibrant core. With over 8,000 square feet of total living space—including a finished walkout basement with private entrance—the property is ideally suited for multi-generational living, boutique investment, or adaptive commercial use. The home features seven bedrooms, seven bathrooms, and three kitchens, with multiple private outdoor living and dining areas. Upper and lower heated garages with epoxy floors, a state-of-the-art outdoor kitchen, and a separate nanny suite and workshop further elevate the offering. Zoned RM2, the site supports multi-unit residential use and opens the door to a variety of commercial adaptations, including wellness clinics, executive retreats, or boutique B&B operations. Whether you're an investor seeking high-end rehab or short-term rental potential, an entrepreneur envisioning a therapy or wellness space, or an organization in need of a private offsite venue, this property delivers unmatched versatility. Its proximity to downtown Barrie ensures access to amenities, transit, and a growing population base, while the natural setting offers tranquility and exclusivity.