
102- 6 Spice Way, Barrie
Barrie
$545,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
63
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Step into sophisticated urban living with this spacious 2-bedroom plus den corner unit, perfectly designed for comfort, style, and convenience. Boasting a highly sought-after modern layout, this residence offers an abundance of natural light streaming in from two exposures, creating a bright and airy ambiance throughout the day. The thoughtfully designed floor plan seamlessly connects the living, dining, and kitchen areas, ideal for both entertaining and everyday living. The gourmet kitchen is a chef's delight, featuring sleek cabinetry, high-end stainless steel appliances, and ample counter space, perfect for culinary creations. Retreat to the generously sized primary bedroom, a private oasis complete with a luxurious ensuite bathroom. the second well-proportioned bedroom provides comfortable accommodations for family or guests. A versatile den offers the perfect space for a home office, media room, or even a cozy reading nook, adapting effortlessly to your lifestyle needs. Both bathrooms are meticulously finished with contemporary fixtures and elegant tiling, reflecting the unit's overall modern aesthetic. Beyond the exquisite interior, this unit truly stands out with a rare and highly coveted two parking spots, a significant advantage in any urban setting, providing unparalleled convenience for multi-car households or those who frequently host guests. Located in a desirable building, residents will enjoy access to the fitness centre and party room. With its prime corner position, modern design, and the invaluable addition of two parking spaces, this unit is an exceptional opportunity for discerning buyers seeking a superior living experience. Don't miss your chance to call this remarkable property home!
MississaugaInvestor.ca
102- 6 Spice Way
Condo Apartment · 3bd/2ba · ~1,100 sqft
$545,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.55%
Monthly Cash Flow
-$1,805/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-18.14%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,509 |
| Property Tax | −$522 |
| Insurance | −$225 |
| Condo Fee | −$639 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,805/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$6,268 |
| Insurance | −$2,700 |
| Condo Fee | −$7,668 |
| Annual NOI | $8,444 |
| Cap Rate | 1.55% |
Cash Required to Close
| Down Payment (20%) | $109,000 |
| Ontario Land Transfer Tax | $7,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $119,375 |
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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