38 Deneb Street, Barrie
Barrie
$579,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
160
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Welcome to this well-maintained 3 Bedroom, 2.5 Bathroom Townhouse located in Barrie's desirable ARDAGH NEIGHBOURHOOD. Offering approximately 1,100-1,200 sq ft above grade, this two-storey home features a bright OPEN-CONCEPT MAIN FLOOR with HARDWOOD FLOORING, a functional KITCHEN WITH CERAMIC FLOORING, and a spacious LIVING AND DINING AREA, ideal for everyday living.The second level offers a generous Primary Bedroom with WALK-IN CLOSET and 4-PIECE ENSUITE, along with two additional bedrooms and a full main bathroom. Additional features include UPPER-LEVEL LAUNDRY, CENTRAL AIR CONDITIONING, a FULL UNFINISHED BASEMENT, and an ATTACHED GARAGE WITH DRIVEWAY PARKING.This home is part of a POTL (Parcel of Tied Lande) community, providing LOW-MAINTENANCE LIVING with exterior services included.Conveniently located close to Parks, Schools, Public Transit, and everday amenities, with easy access to Major Comuter Route.
MississaugaInvestor.ca
38 Deneb Street
Att/Row/Townhouse · 3bd/3ba · ~1,300 sqft
$579,000
Cash-Flow Report · August 3, 2026
Cap Rate
4.18%
Monthly Cash Flow
-$651/mo
Estimated Rent
$3,450/mo
Cash-on-Cash
-6.16%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,450 |
| Mortgage | −$2,665 |
| Property Tax | −$555 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$483 |
| Vacancy (5%) | −$173 |
| Cash Flow | -$651/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$41,400 |
| Vacancy (5%) | −$2,070 |
| Property Tax | −$6,659 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,790 |
| Annual NOI | $24,181 |
| Cap Rate | 4.18% |
Cash Required to Close
| Down Payment (20%) | $115,800 |
| Ontario Land Transfer Tax | $8,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $126,855 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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