2 Fletcher Drive, Barrie
Barrie
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE G1 REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully renovated family home in Barrie's highly desirable East End, conveniently located close to RVH, Georgian College, Schools, parks, shopping, and Highway 400. Thoughtfully updated throughout, this move-in-ready home offers bright, modern living with a functional layout perfect for families. The main floor features spacious living and dining areas, a renovated kitchen, a convenient main-floor laundry room, and a powder room. The upper level offers three spacious bedrooms and a beautifully updated full bathroom. The finished basement provides excellent additional living space, complete with one bedroom, a living/recreation area, and a full bathroom-ideal for extended family guests,or added flexibility. Step outside to a fully fenced backyard featuring a large deck and a gazebo, perfect for outdoor entertaining and family gatherings. Major updates include the roof (2021), furnace upgrade (2026), new water heater (2025). Located just a short walk to a private beach, parks, hiking trails, and the recreation centre, this exceptional home combines comfort, style, and convenience in one of Barrie's most desirable neighborhoods.
MississaugaInvestor.ca
2 Fletcher Drive
Detached · 4bd/3ba · ~1,750 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.19%
Monthly Cash Flow
-$1,940/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-15.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,217 |
| Property Tax | −$670 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$583 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$1,940/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$8,039 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,990 |
| Annual NOI | $15,331 |
| Cap Rate | 2.19% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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