
23 Downsview Drive, Barrie
Barrie
$629,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK CHAY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
1
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Estimated from market price-to-rent ratios
Remarks
Some homes simply feel right the moment you walk through the door-and this is one of them. Thoughtfully renovated and exceptionally well cared for, this 3-bedroom detached bungalow combines timeless character with tasteful modern updates. Sunlight pours through the expansive front living room window, creating a warm, inviting space that's further enhanced by the fireplace and classic brush swirl ceilings. The newly renovated bathroom showcases quality tile work, while the home's clean, move-in-ready condition is evident throughout. Step outside to enjoy a fully fenced backyard offering privacy, room to entertain, and a spacious garden shed for all your outdoor storage needs. An attached garage and oversized single driveway provide everyday convenience, while the location is hard to beat-just minutes from the waterfront and close enough to Eastview Secondary School that you'll swear you could throw a football to it. Whether you're starting out, downsizing, or simply looking for a home that's been genuinely cared for, this property delivers comfort, character, and an unbeatable setting.
MississaugaInvestor.ca
23 Downsview Drive
Detached · 3bd/1ba · ~1,300 sqft
$629,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.95%
Monthly Cash Flow
-$1,878/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-16.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,899 |
| Property Tax | −$604 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$525 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,878/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$7,244 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,299 |
| Annual NOI | $12,257 |
| Cap Rate | 1.95% |
Cash Required to Close
| Down Payment (20%) | $125,980 |
| Ontario Land Transfer Tax | $9,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,053 |
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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