40 Ferndale Drive Unit 408, Barrie

Price: $439,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: S12905880

Bright and thoughtfully laid-out, this 2-bedroom, 2-bathroom open-concept condo offers modern living with a relaxing natural outlook. The living room walks out to a east-facing balcony . The kitchen features stone countertops and a stylish backsplash, while convenient ensuite laundry adds everyday practicality. The suite includes 1 underground parking space and 1 storage locker, and the condo fees cover water, parking, and common elements. On-site amenities enhance lifestyle and social opportunities with an outdoor gym area, games room, and an outdoor meeting area. Located close to shopping, transit, downtown Barrie, schools, parks, trails, and Lake Simcoe, this unit is perfectly positioned for both convenience and recreation. Ideal for first-time buyers seeking a move-in ready condo with low-maintenance living and great natural light.

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$439,000 - 40 Ferndale Drive Unit 408, Barrie

Condo for Sale in Barrie

91 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
S12905880
Property Type
Condo
Status
active
Days on Site
91
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Barrie
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
KELLER WILLIAMS REALTY CENTRES
Description

Bright and thoughtfully laid-out, this 2-bedroom, 2-bathroom open-concept condo offers modern living with a relaxing natural outlook. The living room walks out to a east-facing balcony . The kitchen features stone countertops and a stylish backsplash, while convenient ensuite laundry adds everyday practicality. The suite includes 1 underground parking space and 1 storage locker, and the condo fees cover water, parking, and common elements. On-site amenities enhance lifestyle and social opportunities with an outdoor gym area, games room, and an outdoor meeting area. Located close to shopping, transit, downtown Barrie, schools, parks, trails, and Lake Simcoe, this unit is perfectly positioned for both convenience and recreation. Ideal for first-time buyers seeking a move-in ready condo with low-maintenance living and great natural light.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,252.30/mo

Includes CMHC insurance ($12,248)

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5-yr fixed avg.

Principal: $395,100Interest: $268,341
Mortgage Amount$407,348
Total Interest$268,341
Est. Property Tax$311/mo
Total Cost$675,689

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.

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Neighbourhood Guide: Barrie

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

40 Ferndale Drive Unit 408, Barrie

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$311
Insurance (est.)-$91
Net Cash Flow+$1,308

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $439/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 91 days on site, this property has exceeded the typical selling timeline for Barrie. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    40 Ferndale Drive Unit 408, Barrie | $439,000 | Battaglia Team