57 Bernick Drive, Barrie
Barrie
$560,000
Cash flow, cap rate & mortgage breakdown
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Listed by REAL BROKER ONTARIO LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
24
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
This freehold raised bungalow has been in the same family for 25 years. Backing onto College Heights Park steps to Georgian College, RVH, and an easy walk to shopping as well as convenient commuting spot to the 400 Hwy, it's no wonder they have enjoyed it for so many decades! The main level had flooring 2026 as well as painting and all upper level windows were done in 2022. The kitchen (updated 2022) has stone counter tops and faces the uber private back yard. Down the hall three perfect sized bedrooms all with new laminate flooring. Downstairs a bonus 2-piece bathroom and massive sun drenched rec room with separate walk-out entrance. The furnace was replaced in 2022, roof 2024, washing machine 2025, dryer 2026 and dishwasher also 2026. A perfect starter, investor or downsizing home with inside garage entrance and loads of potential.
MississaugaInvestor.ca
57 Bernick Drive
Detached · 3bd/2ba · ~900 sqft
$560,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.36%
Monthly Cash Flow
-$1,480/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-14.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$2,578 |
| Property Tax | −$537 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$467 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$1,480/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$6,440 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,600 |
| Annual NOI | $13,190 |
| Cap Rate | 2.36% |
Cash Required to Close
| Down Payment (20%) | $112,000 |
| Ontario Land Transfer Tax | $7,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,675 |
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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