216- 58 Lakeside Terrace, Barrie
Barrie
$300,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
29
Price Drop
14%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,350/mo
Estimated from market price-to-rent ratios
Remarks
Experience the perfect blend of convenience and serenity in this bright, open-concept 1-bedroom suite. The unit features an eat-in kitchen with stainless steel appliances, a private ensuite, and the rare advantage of a corner balcony with no neighbours directly across.Residents enjoy premium building amenities, including 24-hour security, a fully equipped gym, a pet wash station, rental guest suites, visitor parking, a party room, and a stunning rooftop terrace overlooking Little Lake. Ideally located minutes from RVH hospital, Georgian College, shopping, cinemas, and Hwy 400.
MississaugaInvestor.ca
216- 58 Lakeside Terrace
Condo Apartment · 1bd/1ba · ~550 sqft
$300,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.06%
Monthly Cash Flow
-$1,117/mo
Estimated Rent
$1,350/mo
Cash-on-Cash
-20.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,350 |
| Mortgage | −$1,381 |
| Property Tax | −$288 |
| Insurance | −$225 |
| Condo Fee | −$505 |
| Vacancy (5%) | −$68 |
| Cash Flow | -$1,117/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$16,200 |
| Vacancy (5%) | −$810 |
| Property Tax | −$3,450 |
| Insurance | −$2,700 |
| Condo Fee | −$6,060 |
| Annual NOI | $3,180 |
| Cap Rate | 1.06% |
Cash Required to Close
| Down Payment (20%) | $60,000 |
| Ontario Land Transfer Tax | $2,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $65,975 |
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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