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New2 days ago

50 Loon Avenue

Painswick South, Barrie

$724,900

Detached|2-Storey
3 | 3 | 4
About this home

Opportunity knocks in desirable Southeast Barrie! This spacious, all-brick 2-storey home offers plenty of room for the growing family and loads of potential to make it your own. Freshly painted throughout with new carpeting on the stairs and upper level, the home features generous principal rooms, a family room with cozy fireplace, and an oversized primary bedroom complete with ensuite. The basement offers even more possibilities with a great layout, good-sized windows, and a separate entrance-ideal for future additional living space or in-law potential. Outside, you'll find a fully fenced yard and double-car garage. Priced with its updating needs in mind, this home presents an excellent opportunity for buyers looking to add their own style and build value. Bring your vision and transform this spacious home into something truly special!Location is a standout! Conveniently situated close to the GO Train, great schools, shopping, dining, parks, and everyday amenities. With generous living space, a functional layout, and a fantastic Southeast Barrie location, this is an opportunity you won't want to miss!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,506
Lot Size41.01 ft x 112.23 ft
mls© NumberS13765794
Listed ByRE/MAX HALLMARK CHAY 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%
$3,710
Property tax
$459
Heat allowance
$150
Housing costs
$4,319 / mo

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

Down payment20% · $144,980
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$3,050 / mo
Cash down
$144,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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