
502- 10 Culinary Lane, Barrie
Barrie
$559,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 HERITAGE GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Spacious. Stylish. Exceptionally Functional. Welcome to Chili One, where contemporary design meets everyday convenience. Offering an impressive 1,267 sq. ft., this beautifully upgraded end unit 3-bedroom, 2-bathroom condo is one of the larger floor plans available, complete with the rare bonus of 2 owned parking spaces and a private locker. Designed for modern living, the bright open-concept layout is filled with natural light and showcases quality finishes throughout. At the heart of the home is the stunning chef-inspired kitchen featuring quartz countertops, stainless steel appliances, a stylish backsplash, pot lights, and an oversized centre island that seamlessly connects the kitchen, breakfast, and living areas, making it the perfect space to entertain or enjoy everyday family life.The spacious living room walks out to a private balcony, while the thoughtfully designed layout offers excellent separation between living and sleeping areas. The generous primary suite features a walk-in closet and a private ensuite, while two additional bedrooms provide flexibility for a growing family, guests, or a dedicated home office. Beyond your front door, enjoy a lifestyle that goes well beyond the ordinary. Residents have access to outstanding amenities, including a fully equipped fitness centre, community kitchen, basketball court, party room and welcoming social spaces designed to bring neighbours together. Perfectly situated in South Barrie, you're just minutes from Highway 400, Barrie South GO Station, shopping, restaurants, parks, schools, and everyday conveniences, making commuting and daily errands effortless.Finding a true 3-bedroom condo with 1,267 sq. ft., premium upgrades, 2 owned parking spaces, and a locker is a rare opportunity. Whether you're upsizing, downsizing, or investing, this home offers the perfect blend of space, style, and long-term value.
MississaugaInvestor.ca
502- 10 Culinary Lane
Condo Apartment · 3bd/2ba · ~1,300 sqft
$559,000
Cash-Flow Report · August 3, 2026
Cap Rate
1.41%
Monthly Cash Flow
-$1,915/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-18.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,573 |
| Property Tax | −$536 |
| Insurance | −$225 |
| Condo Fee | −$671 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,915/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$6,429 |
| Insurance | −$2,700 |
| Condo Fee | −$8,052 |
| Annual NOI | $7,899 |
| Cap Rate | 1.41% |
Cash Required to Close
| Down Payment (20%) | $111,800 |
| Ontario Land Transfer Tax | $7,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,455 |
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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