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$769,000
Available - For Sale
Listing ID: S12070119
Welcome to 10 Glenecho Dr, Barrie a raised bungalow and legal duplex located in the highly desirable north part of Barrie. Conveniently located nearby Georgian College, RVHospital, schools, shopping, transit, and Hwy 400. No neighbours in the back while backing onto a park. This property offers an excellent opportunity for investors, multi-generational families, or those looking to offset their mortgage with rental income while building equity.The main level features 3 bedrooms, 1 4pc bath, and an open-concept living/dining area filled with natural light. The stylish, high end custom kitchen was renovated in 2016 and includes modern finishes, stainless steel appliances and functionality. The lower level is a legal 2-bedroom apartment (originally a 3 bedroom and can easily be converted back), completely updated in 2023, featuring a separate walkup entrance, its own modern full kitchen also with stainless steel appliances, modern 4pc bathroom, cozy living space, large windows and plenty of storage space. Currently each floor has a designated private laundry area, leaving the lower level very private. There is also 2 fenced areas in the backyard giving each unit a separate area to enjoy. Numerous upgrades have been completed for peace of mind: new A/C, furnace, and water heater (2023), new dishwashers and fridges in both kitchens (2023), and two new windows (2023). The attached garage and ample parking make this a practical setup for two households.Projected rental income: $2,500 upstairs (+ utilities) + $2,100 lower level apartment (plus hydro). Apartment will be vacant May 31, 2025. Current approx. annual expenses (2024) hydro $1033, (not including lower level since tenant has seperate meter and pays their own bill), Gas $1065, Water $1256, property tax $4291. Live affordably or invest wisely this property has it all! See video for additional info
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Percent Down:
Down Payment $125 $250 $375 $500
First Mortgage $2,375 $2,250 $2,125 $2,000
CMHC/GE $65.31 $45 $37.19 $0
Total Financing $2,440.31 $2,295 $2,162.19 $2,000
Monthly P&I $10.45 $9.83 $9.26 $8.57
Expenses $0 $0 $0 $0
Total Payment $10.45 $9.83 $9.26 $8.57
Income Required $391.94 $368.6 $347.27 $321.22

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK CHAY REALTY

10 GLENECHO Driv , Barrie, L4M 4J3, Simcoe

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Simcoe
Municipality: Barrie
Neighbourhood: Grove East
Style: Bungalow-Raised
Lot Size: x 110.00(Feet)
Approximate Age: 31-50
Tax: $4,290.34
Maintenance Fee: $0
Beds: 3+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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