26 Irene Drive, Barrie
Barrie
$749,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE PRG REAL ESTATE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
34
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 26 Irene Drive, a fully detached home located in Barrie's desirable Painswick South neighbourhood, known for its family-friendly streets and convenient access to schools, parks, shopping, transit, and Highway 400.This property offers great bones, a spacious layout, and tremendous potential for the right buyer. While the home could benefit from some updating and tender loving care, it presents an excellent opportunity to build instant equity in a highly sought-after location.Whether you are a first-time home buyer looking to enter the market or a family looking for a neighborhood with great schools this property offers incredible upside.The home is situated in a well-established neighbourhood close to excellent schools, parks, shopping centres, and commuter routes, making it ideal for families and investors alike.Bring your vision and unlock the potential - opportunities like this don't come often.
MississaugaInvestor.ca
26 Irene Drive
Detached · 4bd/4ba · ~2,250 sqft
$749,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.97%
Monthly Cash Flow
-$2,219/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-16.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$3,452 |
| Property Tax | −$719 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$625 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$2,219/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$8,624 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,499 |
| Annual NOI | $14,807 |
| Cap Rate | 1.97% |
Cash Required to Close
| Down Payment (20%) | $149,980 |
| Ontario Land Transfer Tax | $11,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,453 |
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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