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Listed 26 days ago

11 Ludlow Drive

Rural Barrie Southeast, Barrie

$979,900

Detached|2-Storey
4 | 6 | 5
About this home

LEGAL BASEMENT APARTMENT! Stunning upgraded 4+3 bedroom, just 3-year-old detached home offering approximately 3,300 sq. ft. of finished living space, now priced to sell, in one of Barrie's fastest-growing and family-friendly communities. Featuring a modern brick and stone elevation and over $50,000 in upgrades, this beautifully maintained home showcases hardwood flooring throughout, elegant finishes, and a functional layout designed for modern family living. The spacious main floor offers bright and open-concept living and dining areas, a large family room, and a well-appointed kitchen featuring upgraded cabinetry, a gas stove, ample counter space, and plenty of storage. Large windows throughout the home fill the space with natural light, creating a warm and inviting atmosphere. The second floor features 4 generously sized bedrooms, including a luxurious primary suite complete with a walk-in closet and private ensuite. Enjoy the convenience of 3 full washrooms on the second floor along with a second-floor laundry room. A standout feature of this property is the professionally finished, city-registered legal basement apartment with a separate entrance and private laundry, offering 3 bedrooms, 1.5 washrooms, a modern kitchen, and spacious living areas. Currently rented to a single working professional, it provides immediate rental income, with the tenant willing to stay or vacate-making it an ideal opportunity for both investors and end-users. Additional highlights include a double-car garage with inside entry, modern upgraded finishes throughout, and parking for multiple vehicles. Ideally located just minutes from Barrie South GO Station, Highway 400, schools, parks, shopping centres, restaurants, and recreational amenities. Now priced to sell, this is an incredible opportunity to own a beautiful home with a registered income-generating basement apartment. Don't miss out!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age0-5
Size2500-3000 sq. ft.
Property Tax$6,254
Lot Size38.02 ft x 91.73 ft
mls© NumberS13560116
Listed ByHOMELIFE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,016
Property tax
$521
Heat allowance
$150
Housing costs
$5,687 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $195,980
25-yr amortization

Income needed

$175,000

gross annual household income

Payment at 4%
$4,124 / mo
Cash down
$195,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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