
8- 237 Steel Street, Barrie
Barrie
$459,900
Cash flow, cap rate & mortgage breakdown
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Listed by KELLER WILLIAMS EXPERIENCE REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this bright and inviting condo townhouse in a peaceful pocket of the city. From the moment you arrive, the freshly paved driveway (August 2025) and single-car garage add both curb appeal and practicality. Inside, a spacious and versatile layout offers the perfect balance for families, individuals, or investors. The large primary bedroom provides a private retreat, while two additional bedrooms deliver comfortable space for children, guests, or a home office. The easterly facing covered deck is a true highlight-ideal for enjoying morning sunshine with a coffee, hosting summer dinners, or relaxing outdoors in every season. The interior features hardwood floors, pot lights, a cozy gas fireplace, and 2 bathrooms, creating a warm, stylish atmosphere. Other recent upgrades include a new fridge (2023), washer and dryer (2022), central vac (serviced in 2021), central air conditioning (2022), new fencing (2022), and shingles in (2018), by the condo corp. With forced-air heating and central air, year-round comfort is assured. Located just minutes from Johnson's Beach, local shops, parks, and schools, this home offers an unbeatable combination of lifestyle and convenience. With excellent rental potential and generous living space for everyday family life, this condo townhouse is a smart investment and a welcoming place to call home.
MississaugaInvestor.ca
8- 237 Steel Street
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$459,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.74%
Monthly Cash Flow
-$1,449/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-17.28%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,117 |
| Property Tax | −$441 |
| Insurance | −$225 |
| Condo Fee | −$661 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$1,449/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$5,289 |
| Insurance | −$2,700 |
| Condo Fee | −$7,932 |
| Annual NOI | $8,019 |
| Cap Rate | 1.74% |
Cash Required to Close
| Down Payment (20%) | $91,980 |
| Ontario Land Transfer Tax | $5,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,653 |
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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