
1004- 65 Ellen Street, Barrie
City Centre · Investor guide
$575,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
37
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to Marina Bay, one of Barrie's most sought-after waterfront communities. This rarely offered corner suite boasts spectacular panoramic views of Kempenfelt Bay, directly across from Centennial Beach, offering a front-row seat to some of the most breathtaking sunsets in the city. Enjoy morning coffee overlooking the water and evening strolls along Barrie's picturesque waterfront trails, just steps from your door. Extensively upgraded with approximately $100,000 in improvements, this exceptional residence combines luxury finishes with an unbeatable location.Rich solid hickory flooring flows throughout the principal living spaces, adding warmth and timeless elegance. The beautifully renovated kitchen, completed in 2023, features quartz countertops premium KitchenAid appliances, including an induction cooktop with convection and steam oven a Miele dishwasher; and stylish finishes designed for both everyday living and entertaining. The spacious primary retreat offers a fully upgraded ensuite bathroom with ceramic tile, heated floors, heated towel bar,Toto washlet toilet/bidet, and premium fixtures. The secondary bathroom has also been thoughtfully updated with a Toto washlet toilet/bidet and upgraded faucets. Additional enhancements include a redesigned laundry room with custom cabinetry and utility sink, upgraded lighting throughout, and elegant drapery that is included with the home. Large windows flood this corner unit with natural light while showcasing stunning waterfront vistas from multiple rooms. Residents of Marina Bay enjoy a highly desirable lifestyle with exceptional building amenities and convenient access to downtown Barrie, restaurants, shopping, marinas, beaches, GO Transit, and the city's vibrant waterfront. A rare opportunity to own a beautifully updated waterfront condominium in one of Barrie's premier locations. Experience luxury, convenience, unforgettable views at Marina Bay. Owned parking and locker included. Waterfront living at its finest.
MississaugaInvestor.ca
1004- 65 Ellen Street
Condo Apartment · 2bd/2ba · ~1,300 sqft
$575,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.54%
Monthly Cash Flow
-$2,390/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-22.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,647 |
| Property Tax | −$403 |
| Insurance | −$225 |
| Condo Fee | −$1,395 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,390/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,830 |
| Insurance | −$2,700 |
| Condo Fee | −$16,740 |
| Annual NOI | $3,090 |
| Cap Rate | 0.54% |
Cash Required to Close
| Down Payment (20%) | $115,000 |
| Ontario Land Transfer Tax | $7,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $125,975 |
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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