$638,800 - 224 Foster Drive, Barrie
Detached for Sale in Barrie
- MLS Number
- S13212756
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- ONE PERCENT REALTY LTD.
Welcome to 224 Foster Drive! The home sits on a 300 foot lot that is simply fabulous with no neighbours behind. Located just a 5 minute walk to Macdonalds, Tim hortons, restaurants and shopping, with Kempenfelt Bay beach just a 5 minute drive! The back deck and garage overlook the amazing backyard equipped with a full 2 storey bunkie! The main house has 2 bedrooms upstairs and one downstairs. A large foyer entrance, leads to the eat-in kitchen. There is a good size living room and a nicely finished main floor 4 piece bath. There is also a sitting sunroom on the main floor. Downstairs has a generous size recroom space, a very large laundry room space that can be converted to make the basement finished area larger. There is also a bedroom on the lower level. The separate garage has a gas fireplace and overlooks the huge rear yard. The back deck is a good size with a garden bar! At the rear of the property is a good size bunkie. It is completely finished on the outside, just needs finishing touches and is ready for the insulation to be installed. Perfect for a family member or friend! It is a 300 foot lot so lots of space for all your activities! Definite multiple unit possibilities. Definately worth a viewing!
Estimate your monthly payments for this property
Estimated Payment
$3,277.38/mo
Includes CMHC insurance ($17,823)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Barrie
Barrie is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Barrie
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Barrie offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
224 Foster Drive, Barrie
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $913/sqft, this property is priced in line with current Barrie market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Barrie are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,662 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.