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Listed 27 days ago

42 Engel Crescent

Letitia Heights, Barrie

$619,888

Detached|Bungalow
3 | 2 | 4
About this home

Beautiful Raised Bungalow with Income Potential! Welcome to this charming 3-bedroom raised bungalow, ideally situated on a quiet crescent just minutes from commuter routes and all amenities. Perfect for first-time buyers, growing families, or investors. The walk-in basement makes it an excellent candidate for a duplex conversion. The open-concept main floor features a spacious living-and-dining room combo, a bright eat-in kitchen, and a walkout to a huge deck and fenced backyard. The newly renovated main-floor washroom and kitchen, plus a downstairs washroom, add convenience and flexibility for a potential second unit. The partially finished basement boasts a large rec room offering excellent income potential. Additional updates include a roof (2025), a new furnace (2020), and new appliances (2026). With parking for 3 in the driveway plus 1 in the garage, this home is move-in ready and shows A+!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,896
Lot Size15.24 metres x 0 metres
mls© NumberS13816974
Listed ByHOMELIFE NEW WORLD REALTY INC.

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%
$3,173
Property tax
$325
Heat allowance
$150
Housing costs
$3,648 / mo

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

Down payment20% · $123,978
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,609 / mo
Cash down
$123,978

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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