
69 Summerset Drive, Barrie
Barrie
$995,000
Cash flow, cap rate & mortgage breakdown
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Listed by JDL REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,700/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
This gorgeous 2-story home sits on a large corner lot in the family-friendly Ardagh Bluffs community. You can easily walk to top-rated schools, parks, soccer fields, and scenic hiking trails, while staying just minutes away from Highway 400 and beautiful Lake Simcoe. The bright main home features over 3000 square feet of total living space highlighted by nine-foot ceilings, new hardwood floors throughout, and a main floor laundry room with a convenient inside entry to the garage. Upstairs, you will find three spacious bedrooms and newly renovated bathrooms, while the main level walks out to a deck overlooking a massive backyard perfect for families. The property also features a durable steel roof installed in 2017. A major highlight is the fully finished, two-bedroom legal basement suite that features its own kitchen, living room, separate laundry, and a private walk-up entrance, making it perfect for rental income or extended family. Located close to shopping, dining, downtown Barrie, and local beaches, this is an incredible opportunity to own in one of Barrie's most sought-after neighborhoods.
MississaugaInvestor.ca
69 Summerset Drive
Detached · 5bd/4ba · ~2,250 sqft
$995,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.91%
Monthly Cash Flow
-$2,171/mo
Estimated Rent
$4,650/mo
Cash-on-Cash
-11.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,650 |
| Mortgage | −$4,580 |
| Property Tax | −$954 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$829 |
| Vacancy (5%) | −$233 |
| Cash Flow | -$2,171/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,800 |
| Vacancy (5%) | −$2,790 |
| Property Tax | −$11,443 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,950 |
| Annual NOI | $28,917 |
| Cap Rate | 2.91% |
Cash Required to Close
| Down Payment (20%) | $199,000 |
| Ontario Land Transfer Tax | $16,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $218,375 |
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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