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Grove East, Barrie
$650,000
Opportunity awaits just a hop, skip and a jump from the classroom doors of Georgian College and Royal Victoria Hospital. 7 bedrooms, 2 kitchens, and 2 full bathrooms in this ranch bungalow on 60 ft generous lot with no direct left side neighbours (or rear neighbours). As you approach the home you notice the immense amount of parking spaces and inviting covered front porch. Once inside a large living, dining space with cozy gas fireplace, laminate flooring and sundrenched bright bay window greet you. Back facing the backyard are two bedrooms both with sliding glass doors to the fully fenced yard and one with built in dressers. There is also a 3rd bedroom on this level and updated bathroom vanity and tub/jacuzzi combo with LED lighting, and speakers to soothe all your muscle aches. Downstairs another 4 bedrooms, a kitchenette, full bathroom and coin laundry. Out back a fully functioning koi pond, flagstone accents, tons of perennials, hostas, and a crab apple tree in your backyard oasis. There is also a gas line to the backyard fire pit, a storage shed plus a 15 x 8 ft custom shop. AC 2021, 30 year warranty on roof. Cabin/workshop has pony panel, power and separate meter and there is also an EV charger. Snow blower, tools etc. included. No rentals (tankless hot water heater owned) plus SOLAR PANELS generating bonus cash flow every year with 9600 kwh, R70 attic insulation upgrades, 2018 furnace, and double bat safe and sound insulation between all rooms. See attachment for full list of upgrades-you won't be disappointed with this one!
No extras listed.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,093 |
| Lot Size | 60 ft x 120.01 ft |
| mls© Number | S13689558 |
| Listed By | REAL BROKER ONTARIO LTD. |
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%
- $3,327
- Property tax
- $424
- Heat allowance
- $150
- Housing costs
- $3,901 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$120,000
gross annual household income
- Payment at 4%
- $2,735 / mo
- Cash down
- $130,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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