
1101- 39 Mary Street, Barrie
City Centre · Investor guide
$609,900
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
29
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
New move-in-ready 2-bed + den and 2-bath unit is one of the few resale opportunities in Barrie's premier Debut waterfront tower - unit offering an oversized private terrace w/gas BBQ connection rather than a standard balcony. Southwest exposure on the 11th floor terrace level delivers unobstructed sunset views over Kempenfelt Bay through floor-to-ceiling windows. These are real, unstaged photos - what you see is what you get, no virtual renderings. The split-bedroom layout features a contemporary Scavolini kitchen with quartz counters, integrated Fulgor Milano appliances, and a movable island, plus a versatile den, two full bathrooms (including a private ensuite), and ensuite laundry. As a resale, this is a straightforward transaction - standard financing and inspection conditions welcome, no builder paperwork, development levies, or HST rebate complexity to navigate. Includes one underground parking space and access to resort-style amenities: infinity plunge pool, sauna, steam room, hot stone spa, fitness centre, outdoor BBQ terrace, party lounge, concierge, and guest suites. Steps to the marina, waterfront trails, restaurants, GO Transit, and Highway 400.
MississaugaInvestor.ca
1101- 39 Mary Street
Condo Apartment · 3bd/2ba · ~750 sqft
$609,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.22%
Monthly Cash Flow
-$1,173/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-10.53%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,807 |
| Property Tax | −$427 |
| Insurance | −$225 |
| Condo Fee | −$516 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,173/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,123 |
| Insurance | −$2,700 |
| Condo Fee | −$6,192 |
| Annual NOI | $19,615 |
| Cap Rate | 3.22% |
Cash Required to Close
| Down Payment (20%) | $121,980 |
| Ontario Land Transfer Tax | $8,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $133,653 |
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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