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Listed 17 days ago

31 The Queensway N/A

Innis-Shore, Barrie

$1,200,000

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

Top 5 Reasons You Will Love This Home: 1) Exceptional income and multi-generational living potential with an over 1,200 square foot legal basement apartment featuring its own private exterior entrance, creating an ideal opportunity for rental income, extended family, or a comfortable in-law suite 2) Extensively renovated between 2023 and 2025, this move-in-ready home delivers added peace of mind with a new roof, tankless water heater, furnace, water softener, security system, and updated electrical throughout 3) Enjoy almost 3,500 square feet of above-grade living space designed with growing families in mind, featuring high 9' ceilings on the main level, beautiful hardwood flooring, and a renovated staircase that adds to the home's polished interior 4) Impressive curb appeal continues into the outdoor spaces with beautifully landscaped front and back yards, a resealed driveway, new gazebo and patio for entertaining, and a renovated garage complete with convenient ramp access 5) Situated in the family-friendly Innis-Shore community, just minutes from the Barrie South GO station, shopping, everyday amenities, and the beautiful beaches of Lake Simcoe, with excellent schools nearby and convenient commuter access. 3,416 above grade sq.ft. Plus a finished basement. *Please note some images have been virtually staged to show the potential of the home.

Extras

No extras listed.

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Open houses

  • Sat, Sep 12

    12:00 PM – 1:30 PM

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Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$7,528
Lot Size55.65 ft x 82.02 ft
mls© NumberS13710848
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

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%
$6,142
Property tax
$627
Heat allowance
$150
Housing costs
$6,920 / mo

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

Down payment20% · $240,000
25-yr amortization

Income needed

$213,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

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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Comparable sales

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