$624,900 - 59 Penetang Street, Barrie
Detached for Sale in Barrie
New — Listed 4 days ago- MLS Number
- S13423330
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Attention investors and first-time buyers! This fully turnkey home comes completely furnished , offering incredible value and income potential. A separate side entrance leads to a "non-legal" lower-level apartment featuring a spacious rec room, L-shaped bedroom with double closet, 3-piece bath, kitchen, and stacked washer/dryer - ideal for extended family or helping offset mortgage costs.Situated on a premium 186' deep lot, the expansive backyard offers endless possibilities - create your dream outdoor oasis with gardens, patios, and fire pits, or explore the potential for a future second unit (buyer to complete due diligence). Conveniently located within walking distance to downtown and the waterfront.The main level features rustic hardwood flooring, while the lower level offers durable laminate flooring. Crown moulding and French doors accent the bright living room, and the kitchen provides ample cupboard space with a large picture window bringing in plenty of natural light.Updates include Furnace (2014), Shingles (2017), and Central Air (2020).Inclusions: All window coverings, all electric light fixtures, all upstairs furniture, upstairs fridge, stove, range hood, washer & dryer; downstairs fridge (one of two), stove, range hood, washer & dryer;
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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.
59 Penetang Street, Barrie
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $893/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Barrie's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Barrie.
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 $2,604 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.