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New4 days ago

39 Grove Street W

Queen's Park, Barrie

$499,900

Detached|1 1/2 Storey
2 | 1 | 3
About this home

Traditional 1220 sq.ft. century home on a 84' x 140' mature treed lot with great zoning potential for future development in a prime central Barrie location. Currently this home is a two bedroom dwelling with an easy conversion to a three bedroom if desired. Private paved driveway fits 3 cars. Original hardwood flooring, barn doors, original tall baseboards, formal eat-in area and open concept kitchen with wall pantry. Upper 10'8" x 19'2" primary bedroom with his/her closets and private sitting/computer area. Electrical, plumbing and window updates have been done over the years, newer updated bathroom, newer furnace and central air conditioning with annual service package plus brand new shingles recently professionally installed. There is a covered deck in the rear yard with a built-in gas bbq and wood stove that is great for entertaining and enjoying your huge rear yard with friends (existing deck roof needs leveling on the one end). Fenced rear yard and double side gate for the toys/trailer. This home has good bones, it just needs someone with a designer touch/vision to be able to enjoy this century home and the equity potential it presents. Close to; shopping, schools, parks, public transit, downtown/waterfront and very easy Highway 400 access. Great residential or investment opportunity. Fast closing is available.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$4,588
Lot Size84 ft x 140 ft
mls© NumberS13730000
Listed ByRE/MAX CROSSTOWN REALTY INC.

Listing History

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  • 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%
$2,559
Property tax
$382
Heat allowance
$150
Housing costs
$3,091 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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