8 Culinary Lane Unit 102, Barrie

Price: $474,900

3 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: S12930762

Top 5 Reasons You Will Love This Condo: 1) Enjoy this rare opportunity to own a spacious three bedroom corner condo offering 2 car parking with exceptional convenience and long-term value, all paired with a 1,207 square foot layout filled with natural light thanks to premium corner exposure and an open-concept design that feels bright and airy 2) Featuring laminate hardwood in the main living areas, upgraded appliances, custom closet and pantry organizers, and an oversized washer and dryer, every detail enhances comfort and style 3) The expansive kitchen offers ample counterspace and storage and includes a gas line, while the living and dining areas extend seamlessly to a private balcony with a gas line for barbeques, a true entertainer's delight 4) The primary bedroom easily accommodates a king-sized bed, along with two spacious bedrooms perfect for family or guests, also ideal for a home office, gym, den, or creative retreat 5) Built in 2023, this vibrant community offers top-notch amenities including a fitness centre, basketball court, children's playground, outdoor barbeque areas, and a communal kitchen, all just steps from everyday conveniences. 1,207 fin.sq.ft.

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$474,900 - 8 Culinary Lane Unit 102, Barrie

Condo for Sale in Barrie

84 days on market
3Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
S12930762
Property Type
Condo
Status
active
Days on Site
84
Bedrooms
3
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Barrie
Locker
None
Exposure
West
Balcony
Open
Listing Brokerage
FARIS TEAM REAL ESTATE BROKERAGE
Description

Top 5 Reasons You Will Love This Condo: 1) Enjoy this rare opportunity to own a spacious three bedroom corner condo offering 2 car parking with exceptional convenience and long-term value, all paired with a 1,207 square foot layout filled with natural light thanks to premium corner exposure and an open-concept design that feels bright and airy 2) Featuring laminate hardwood in the main living areas, upgraded appliances, custom closet and pantry organizers, and an oversized washer and dryer, every detail enhances comfort and style 3) The expansive kitchen offers ample counterspace and storage and includes a gas line, while the living and dining areas extend seamlessly to a private balcony with a gas line for barbeques, a true entertainer's delight 4) The primary bedroom easily accommodates a king-sized bed, along with two spacious bedrooms perfect for family or guests, also ideal for a home office, gym, den, or creative retreat 5) Built in 2023, this vibrant community offers top-notch amenities including a fitness centre, basketball court, children's playground, outdoor barbeque areas, and a communal kitchen, all just steps from everyday conveniences. 1,207 fin.sq.ft.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,436.48/mo

Includes CMHC insurance ($13,250)

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5-yr fixed avg.

Principal: $427,410Interest: $290,285
Mortgage Amount$440,660
Total Interest$290,285
Est. Property Tax$336/mo
Total Cost$730,945

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

8 Culinary Lane Unit 102, 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)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$336
Insurance (est.)-$99
Net Cash Flow+$1,705

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 $396/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 84 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.

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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    8 Culinary Lane Unit 102, Barrie | $474,900 | Battaglia Team