46 Austen Lane, Barrie
Barrie
$529,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL CANADIAN REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
14
Price Drop
12%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Well-maintained backsplit situated on a generous 56' x 110' lot in Barrie's desirable Letitia Heights community. This versatile 4-bedroom, 2-bathroom home offers comfortable family living with numerous recent upgrades throughout. The main floor features a bright and functional layout, while the fully renovated basement (2025) provides additional living space and includes rough-ins for a potential secondary kitchen, offering excellent in-law suite potential. Recent improvements include a fully renovated 4-piece main bathroom (2025), updated 3-piece lower bathroom (2025), fully renovated basement (2025), new stainless steel fridge, stove and microwave (2025), new shed (2025), and central air conditioning service completed in 2026. Additional features include furnace (2012), roof (2011), enclosed carport. Conveniently located close to Highway 400, schools, parks, splash pad, basketball courts, baseball diamonds, playgrounds, shopping, restaurants, veterinary services and everyday amenities. An excellent opportunity for families, first-time buyers or those seeking multi-generational living potential in a mature neighborhood.
MississaugaInvestor.ca
46 Austen Lane
Detached · 4bd/2ba · ~900 sqft
$529,000
Cash-Flow Report · August 1, 2026
Cap Rate
4.86%
Monthly Cash Flow
-$293/mo
Estimated Rent
$3,490/mo
Cash-on-Cash
-3.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,490 |
| Mortgage | −$2,435 |
| Property Tax | −$507 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$441 |
| Vacancy (5%) | −$175 |
| Cash Flow | -$293/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$41,880 |
| Vacancy (5%) | −$2,094 |
| Property Tax | −$6,084 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,290 |
| Annual NOI | $25,712 |
| Cap Rate | 4.86% |
Cash Required to Close
| Down Payment (20%) | $105,800 |
| Ontario Land Transfer Tax | $7,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $115,855 |
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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