$374,900 - 56 Lakeside Terrace Unit 704, Barrie
Condo for Sale in Barrie
71 days on market- MLS Number
- S12977218
- Property Type
- Condo
- Status
- active
- Days on Site
- 71
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Barrie
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- WEST-100 METRO VIEW REALTY LTD.
Welcome to LakeVu Condos in Barrie's sought-after Little Lake community, where lifestyle meets scenic surroundings. This beautiful suite offers bright, airy living with glimpses of the lake from your private balcony, perfect for enjoying your morning coffee or unwinding at sunset.Thoughtfully designed with a modern open-concept layout, this unit blends comfort and style seamlessly, making it ideal for both everyday living and entertaining. Large windows fill the space with natural light, creating a warm and inviting atmosphere throughout.Located in a well-managed building featuring premium amenities including a fully equipped gym and party room, you'll enjoy a resort-like lifestyle year round. Conveniently situated just minutes from Highway 400, Georgian College, shopping, restaurants, and transit, this location offers the perfect balance of accessibility and tranquility.Whether you're a first-time buyer, investor, or downsizer, this is an excellent opportunity to own in a desirable building with scenic views and a fantastic location.
Estimate your monthly payments for this property
Estimated Payment
$1,923.43/mo
Includes CMHC insurance ($10,460)
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.
56 Lakeside Terrace Unit 704, 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
Competitive Pricing
At $750/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 71 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.
Efficient Living
At 500 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.
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.