357 Reid Drive, Barrie

$729,999
357 Reid Drive

$729,999

New
94d
Detached2-Storey

357 Reid Drive, Barrie

Total Monthly Obligation $3,437

Beds
3
Baths
3
Park
1
Sqft
1100-1500
DOM
94d
Score
17
Yield
3.7%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-S13595900
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-30.02 × 100.46 ft
Listed on site-Jul 21, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$1,412 (2025)
Parking-2 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-IQI GLOBAL REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Rural Barrie Southwest
Title-Residential Freehold

No agent assigned

Welcome to 357 Reid Drive - a beautifully maintained Mattamy-built Arlington model offering 1,351 sq. ft. of thoughtfully designed living space in Barrie's sought-after Vicinity West community. This move-in ready detached home features 3 bedrooms, 2.5 bathrooms, and a bright open-concept layout that's perfect for families, professionals, or first-time buyers. The main floor showcases a modern kitchen with quartz countertops, stainless steel appliances, ample cabinetry, and a breakfast area overlooking the inviting Great Room-ideal for everyday living and entertaining. Upstairs, the generous primary bedroom offers a walk-in closet and a private 3-piece ensuite with a glass shower, while two additional bedrooms and a full bathroom provide comfortable space for family or guests. The unfinished basement offers endless potential to create additional living space, a home gym, recreation room, or income-generating suite (subject to approvals). Additional highlights include hardwood flooring on the main and second levels (carpet free), zebra blinds throughout, a tankless water heater, HRV system, water softener, central air conditioning, and an attached garage with a window and an inside entry. Step outside to a private backyard ready for your personal landscaping vision. Ideally located just steps from parks, playgrounds, sports courts, walking trails, with quick access to Highway 400, shopping, restaurants, and all of Barrie's growing west-end amenities. Built in 2024 and first occupied by the current owners in May 2025, offering the feel of a nearly new home.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$583,999
Land Transfer Taxes$11,075
Legal Fees (Est.)
$
Total cash required for closing$158,575

Total Monthly Obligation

$3,437/mo
Mortgage $2,945
Monthly Loss $2,662
Principal$775
Interest$2,170
Property Tax$118
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,288/yr
NOI
$18,647/yr
Net Cash Flow
-$1,391/mo
Cash Margin
-61.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 357 Reid Drive

Time

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Data last updated within the past 24 hours.