503 Grove Street, Barrie
Barrie
$799,000
Cash flow, cap rate & mortgage breakdown
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Listed by FARIS TEAM REAL ESTATE BROKERAGE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
7
Bathrooms
5
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Top 5 Reasons You Will Love This Home: 1) Exceptionally spacious family home offering an impressive seven bedrooms, providing incredible flexibility for large families, multi-generational living, or accommodating guests with ease 2) Expansive main level thoughtfully designed with multiple generous living spaces creating the perfect setting for everyday family life, entertaining, and gathering with loved ones 3) Situated on an almost 50' wide lot, offering a spacious outdoor setting with plenty of room for children to play, gardening, or future landscaping possibilities 4) Separate basement entrance complemented by a second kitchen, presenting outstanding potential for extended family living, an in-law suite, or additional versatility to suit your lifestyle 5) Featuring four full bathrooms thoughtfully distributed throughout the home, providing exceptional comfort and convenience for busy households and overnight guests. 2,378 above grade sq.ft. plus a finished basement.
MississaugaInvestor.ca
503 Grove Street
Detached · 7bd/5ba · ~2,250 sqft
$799,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.07%
Monthly Cash Flow
-$970/mo
Estimated Rent
$4,595/mo
Cash-on-Cash
-6.64%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,595 |
| Mortgage | −$3,678 |
| Property Tax | −$766 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$666 |
| Vacancy (5%) | −$230 |
| Cash Flow | -$970/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,140 |
| Vacancy (5%) | −$2,757 |
| Property Tax | −$9,189 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$7,990 |
| Annual NOI | $32,504 |
| Cap Rate | 4.07% |
Cash Required to Close
| Down Payment (20%) | $159,800 |
| Ontario Land Transfer Tax | $12,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,255 |
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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