
277 Cook Street, Barrie
Barrie
$549,900
Cash flow, cap rate & mortgage breakdown
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Listed by REAL BROKER ONTARIO LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
1
Days on Market
3
Price Drop
None
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
Welcome to 277 Cook Street, an original-owner brick bungalow located just steps from Georgian College. This solid 3-bedroom, 1-bathroom home offers a flexible layout, valuable updates, a separate basement entrance and plenty of potential for families, investors or buyers looking to create additional living space.The main floor features a bright and spacious living room with an oversized front window, three bedrooms and a functional layout that is ready for your personal touches. Live comfortably on the main floor while exploring the many possibilities available in the basement.With a separate entrance, large recreation room, bar area and bathroom rough-in, the lower level offers excellent potential for student accommodation, an in-law setup or a future second suite, subject to municipal approvals. Located approximately 150 metres from Georgian College, this property is ideally positioned for buyers considering rental income or multigenerational living.Outside, enjoy a fully fenced backyard with an inground pool and parking for three vehicles. The pool liner was replaced in 2018, a new sand filter was installed in 2022, and Blue Diamond Pools has maintained the pool for the past two years.Additional updates include the furnace and central air conditioning in 2019, vinyl windows installed in the early 2000s with a transferable warranty from Kempenfelt Windows, and roof shingles completed around 2017 that remain in good condition.A well-built bungalow with strong fundamentals, several major updates already completed and plenty of opportunity to personalize the home and choose how you want to use the basement.
MississaugaInvestor.ca
277 Cook Street
Detached · 4bd/1ba · ~1,300 sqft
$549,900
Cash-Flow Report · July 31, 2026
Cap Rate
4.7%
Monthly Cash Flow
-$378/mo
Estimated Rent
$3,540/mo
Cash-on-Cash
-3.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,540 |
| Mortgage | −$2,531 |
| Property Tax | −$527 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$458 |
| Vacancy (5%) | −$177 |
| Cash Flow | -$378/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,480 |
| Vacancy (5%) | −$2,124 |
| Property Tax | −$6,324 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$5,499 |
| Annual NOI | $25,833 |
| Cap Rate | 4.7% |
Cash Required to Close
| Down Payment (20%) | $109,980 |
| Ontario Land Transfer Tax | $7,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,453 |
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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