
16- 502 ESSA Road, Barrie
Barrie
$489,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX Hallmark York Group Realty Ltd.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
39
Price Drop
1%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Attention First-Time Buyers, Military Moves & Downsizers - ""This home can be purchased furnished "" quick closing possible This One's For You! From the moment you step inside this modern, bright, and freshly painted townhome, you'll feel right at home. The stunning kitchen is sure to impress with its granite countertops, centre island, and stainless steel appliances - a true wow factor that sets the tone for the rest of this beautifully maintained home. The kitchen flows seamlessly into the dining room, which opens through sliding doors to your private balcony - the perfect spot to fire up the BBQ and enjoy warm evenings outdoors. The dining room leads into a spacious living room complete with a cozy electric fireplace, making it the ideal place to relax and unwind. Upstairs, you'll find three generously sized bedrooms, including a primary suite with two closets. All bedrooms feature laminate flooring, bright windows, and ample closet space. The main bathroom offers a luxurious jetted tub for those days when you just need to decompress. A dedicated laundry room with stackable washer and dryer, laundry tub, and extra storage rounds out the main level beautifully. All appliances are included - just move in and enjoy! Your LOW condo fees cover internet, cable, water, building insurance, common elements, snow removal, grass cutting, garbage disposal, and one parking spot - making this an exceptional value with true peace-of-mind living. Ideally located just minutes from Hwy 400, shopping, restaurants, and Barrie's beautiful waterfront, this home truly has it all. Don't miss your opportunity - homes like this don't last long!
MississaugaInvestor.ca
16- 502 ESSA Road
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$489,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.18%
Monthly Cash Flow
-$1,368/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-15.31%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,255 |
| Property Tax | −$470 |
| Insurance | −$225 |
| Condo Fee | −$460 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,368/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$5,634 |
| Insurance | −$2,700 |
| Condo Fee | −$5,520 |
| Annual NOI | $10,656 |
| Cap Rate | 2.18% |
Cash Required to Close
| Down Payment (20%) | $97,980 |
| Ontario Land Transfer Tax | $6,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,253 |
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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