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New3 days ago

61 Bernick Drive

Grove East, Barrie

$650,000

Detached|Bungalow
3 | 2 | 6
About this home

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!

Extras

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$5,093
Lot Size60 ft x 120.01 ft
mls© NumberS13689558
Listed ByREAL 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.

Down payment20% · $130,000
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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