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Listed 4 months ago

402 - 4 Spice Way

Rural Barrie Southeast, Barrie

$549,900

Condo Apartment |
2 + 1 | 2 | 1 | 1
About this home

Top 5 Reasons You Will Love This Condo: 1) Welcome to the SUMAC building, a modern condominium built in 2022, featuring a bright and spacious corner suite with desirable northeast exposure that fills the home with natural light throughout the day 2) Beautifully maintained unit with a contemporary kitchen featuring stainless-steel appliances, elegant granite countertops, and a double sink, a full-size washer and dryer, and a natural gas hookup for your barbeque on the private balcony, perfect for outdoor entertaining 3) Generously sized primary bedroom offering double closets, a large window, and a private ensuite complete with a walk-in shower, while the spacious second bedroom includes a full closet, and the versatile third bedroom or den features both side and front-facing windows, making it ideal as a home office, guest room, or nursery 4) Enjoy the expansive open-concept layout connecting the living room, dining area, and balcony, creating exceptional flow and functionality throughout this bright, airy, and very spacious unit 5) Additional features include underground parking space #51 and a dedicated storage locker providing plenty of extra storage space. 1,282 fin.sq.ft.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleBungalow
Approx. Age0-5
Size1200-1399 sq. ft.
Maintenance Fees$648
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,545
mls© NumberS13135358
Listed ByFARIS TEAM REAL ESTATE BROKERAGE
Building Insurance Included
Common Elements Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,815
Property tax
$379
Heat allowance
$150
Condo fees, half counted
$324
Housing costs
$3,667 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $109,980
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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Comparable sales

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