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Allandale Heights, Barrie
$699,000
Exceptional, move-in-ready property offering the perfect blend of comfortable living and income potential! Situated on a desirable cul-de-sac, this beautifully updated home backs directly onto Lackie's Bush, offering a private backyard setting with no rear neighbours. The renovated main floor features a spacious living room, three bedrooms, abundant natural light, and a stunning updated kitchen with high-end appliances and elegant quartz countertops. The finished basement offers a separate kitchen, one spacious bedroom, a full bathroom, and separate laundry, currently generating $1,700/month in rental income to help offset your mortgage. The upper level was previously rented for $2,600/month, offering additional income potential for investors looking to rent both levels. Ample parking accommodates all occupants. Brand new high efficiency furnace. Enjoy the fenced backyard with a large new deck and refreshed retaining walls, perfect for relaxing or entertaining. Conveniently located approximately 10 minutes from GO stations and close to shopping, schools, and everyday amenities. Whether you're looking to live upstairs while earning rental income or add a versatile income property to your portfolio, this is an opportunity you won't want to miss!
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,769 |
| Lot Size | 40.01 ft x 120.02 ft |
| mls© Number | S14027946 |
| Listed By | REALTY WEALTH GROUP 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%
- $3,578
- Property tax
- $397
- Heat allowance
- $150
- Housing costs
- $4,125 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$127,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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