12 Gore Drive, Barrie
Barrie
$650,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
42
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Discover this beautifully maintained 3-bedroom detached home nestled in one of Barrie's most desirable neighbourhoods. Perfect for families or investors, this property offers both comfort and versatility featuring a walk-out basement in-law suite complete with its own separate entrance and private laundry. The main floor boasts a bright and spacious layout with large windows, a spacious living and dining area, and a functional kitchen with ample cabinetry. Upstairs are three generously sized bedrooms and a well-appointed bathroom ideal for growing families.The fully finished walk-out basement is perfect for extended family or rental potential, offering a modern in-law suite with a separate living area, kitchen, bedroom, bathroom, and private laundry facilities. Outside, enjoy a private backyard with plenty of room for entertaining or relaxing, plus a driveway and garage providing ample parking space. Within walking distance to both public & Catholic elementary schools, parks and walking trails. Conveniently located with Hwy 400 access just minutes away.
MississaugaInvestor.ca
12 Gore Drive
Detached · 4bd/3ba · ~1,300 sqft
$650,000
Cash-Flow Report · August 3, 2026
Cap Rate
3.91%
Monthly Cash Flow
-$877/mo
Estimated Rent
$3,690/mo
Cash-on-Cash
-7.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,690 |
| Mortgage | −$2,992 |
| Property Tax | −$623 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$542 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$877/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,280 |
| Vacancy (5%) | −$2,214 |
| Property Tax | −$7,475 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,500 |
| Annual NOI | $25,391 |
| Cap Rate | 3.91% |
Cash Required to Close
| Down Payment (20%) | $130,000 |
| Ontario Land Transfer Tax | $9,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,475 |
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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