203- 302 Essa Road, Barrie
Barrie
$464,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK CHAY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to The Gallery in Barrie, where comfort, convenience, and lifestyle come together. This beautifully appointed 2-bedroom, 2-bathroom suite offers 1,158 square feet of thoughtfully designed living space, plus a generous 14' x 7'8" private balcony-perfect for relaxing or entertaining.The spacious open-concept living area easily accommodates a comfortable living room, a separate dining space, and a well-designed kitchen featuring full-sized appliances, abundant cabinetry, and extensive countertop space for meal preparation.The oversized primary bedroom comfortably fits a king-sized bed and features a large walk-through closet leading to a private 4-piece ensuite. The desirable split-bedroom floor plan places the second bedroom on the opposite side of the suite, providing added privacy for family members or guests. A second full 4-piece bathroom, in-suite laundry, and multiple storage closets complete this functional and inviting home.Step outside to your expansive private balcony, where barbecues are permitted. With plenty of room for outdoor furniture and décor, it's the perfect place to enjoy your morning coffee, unwind after a long day, or entertain friends and family.This suite includes one underground parking space and a private storage locker. Residents enjoy a pet-friendly building with visitor parking, dual elevators, and professionally maintained grounds for worry-free living.As a resident of The Gallery, you'll also enjoy exclusive access to the spectacular 11,000-square-foot rooftop terrace, offering panoramic views of Kempenfelt Bay and an exceptional outdoor space to relax, socialize, and take in the scenery.Ideally located in the heart of Barrie, you'll be just minutes from shopping, restaurants, recreation facilities, scenic walking trails, the waterfront, and the beautiful beaches of Kempenfelt Bay. With Highway 400 only one minute away, commuting couldn't be more convenient. Professional photos to follow Aug 5th.
MississaugaInvestor.ca
203- 302 Essa Road
Condo Apartment · 2bd/2ba · ~1,100 sqft
$464,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.34%
Monthly Cash Flow
-$1,621/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-19.12%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$2,140 |
| Property Tax | −$446 |
| Insurance | −$225 |
| Condo Fee | −$567 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,621/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$5,346 |
| Insurance | −$2,700 |
| Condo Fee | −$6,804 |
| Annual NOI | $6,240 |
| Cap Rate | 1.34% |
Cash Required to Close
| Down Payment (20%) | $92,980 |
| Ontario Land Transfer Tax | $5,773 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $101,753 |
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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