508 Essa Road Unit 52, Barrie

Price: $490,000

3 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: S12692422

TURNKEY 2-STOREY CONDO TOWNHOME WITH 1,260 SQ FT, BALCONY, LAUNDRY & PARKING! Get ready to love life in South Barrie's lively Holly neighbourhood, where everything you need is right at your doorstep, including shops, schools, parks, transit, and the community centre, with Barrie's vibrant waterfront and downtown about 10 minutes away. This spacious 2-storey condo townhome offers 1,260 square feet of bright, well-kept living space with open concept principal rooms designed for entertaining and everyday comfort. Imagine cozy dinners in the dining room warmed by the glow of the electric fireplace, relaxing in the sun-filled living room with a walkout to your private balcony, or enjoying morning coffee in the kitchen with its white cabinetry, stainless steel appliances, and space for a breakfast nook. Upstairs, the primary bedroom features its own 4-piece ensuite and double closet, while in-suite laundry and an assigned driveway parking spot add everyday convenience. With water, parking, cable, exterior upkeep, and snow removal all included in the condo fees, you can enjoy a low-maintenance, pet-friendly lifestyle that is turnkey and affordable, delivering the space you need with the freedom to enjoy more of what you love.

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$490,000 - 508 Essa Road Unit 52, Barrie

Condo for Sale in Barrie

108 days on market
3Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
S12692422
Property Type
Condo
Status
active
Days on Site
108
Bedrooms
3
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
Barrie
Locker
None
Exposure
North
Balcony
Open
Listing Brokerage
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Description

TURNKEY 2-STOREY CONDO TOWNHOME WITH 1,260 SQ FT, BALCONY, LAUNDRY & PARKING! Get ready to love life in South Barrie's lively Holly neighbourhood, where everything you need is right at your doorstep, including shops, schools, parks, transit, and the community centre, with Barrie's vibrant waterfront and downtown about 10 minutes away. This spacious 2-storey condo townhome offers 1,260 square feet of bright, well-kept living space with open concept principal rooms designed for entertaining and everyday comfort. Imagine cozy dinners in the dining room warmed by the glow of the electric fireplace, relaxing in the sun-filled living room with a walkout to your private balcony, or enjoying morning coffee in the kitchen with its white cabinetry, stainless steel appliances, and space for a breakfast nook. Upstairs, the primary bedroom features its own 4-piece ensuite and double closet, while in-suite laundry and an assigned driveway parking spot add everyday convenience. With water, parking, cable, exterior upkeep, and snow removal all included in the condo fees, you can enjoy a low-maintenance, pet-friendly lifestyle that is turnkey and affordable, delivering the space you need with the freedom to enjoy more of what you love.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,513.95/mo

Includes CMHC insurance ($13,671)

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5-yr fixed avg.

Principal: $441,000Interest: $299,515
Mortgage Amount$454,671
Total Interest$299,515
Est. Property Tax$347/mo
Total Cost$754,186

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

508 Essa Road Unit 52, Barrie

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
4.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$347
Insurance (est.)-$102
Net Cash Flow+$1,691

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 $408/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 108 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.

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.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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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    508 Essa Road Unit 52, Barrie | $490,000 | Battaglia Team