
502- 65 Ellen Street, Barrie
City Centre · Investor guide
$389,900
Estimated Value
$325,000
Based on neighbourhood averages
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
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Based on City Centre neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to waterfront living at its finest in the sought-after Marina Bay community in Barrie. Coveted private storage locker included with this spacious 1-bedroom suite offering breathtaking views over Kempenfelt Bay. Floor-to-ceiling windows fill the open-concept living and dining area with natural light while showcasing panoramic water views. The generous layout offers flexibility for entertaining or relaxing, with a seamless walk-out to your private balcony where you can enjoy morning sunrises, park scenery, and the tranquil waterfront setting. The kitchen features abundant cabinetry and counter space, ideal for everyday living or hosting guests. The spacious primary bedroom includes a large walk-in closet, providing both comfort and functionality. Additional highlights include underground parking and access to exceptional building amenities such as an indoor pool, sauna, hot tub, fitness room, party room, and games room. Step outside and enjoy you're moments from waterfront walking trails, parks, and vibrant local attractions - truly a lifestyle location. This pet-friendly building also offers a welcoming community atmosphere with plenty of social activities to enjoy. Whether you're a first-time buyer, downsizer, or investor, this is a rare opportunity to own a waterfront suite with incredible views, valuable storage, and resort-style amenities in one of Barrie's most desirable locations. Steps to the Go Train, public transit, shopping, and minutes to Hwy 400. Quick closing available, some furnishing are negotiable. Fantastic Value!
MississaugaInvestor.ca
502- 65 Ellen Street
Condo Apartment · 1bd/1ba · ~750 sqft
$389,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.51%
Monthly Cash Flow
-$1,306/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-18.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,795 |
| Property Tax | −$273 |
| Insurance | −$225 |
| Condo Fee | −$770 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,306/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,275 |
| Insurance | −$2,700 |
| Condo Fee | −$9,240 |
| Annual NOI | $5,875 |
| Cap Rate | 1.51% |
Cash Required to Close
| Down Payment (20%) | $77,980 |
| Ontario Land Transfer Tax | $4,324 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,304 |
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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