245 Ferndale Drive S 58, Barrie

$379,900
245 Ferndale Drive S 58

$379,900

New
16d
Condo TownhouseStacked Townhouse

245 Ferndale Drive S 58, Barrie

Total Monthly Obligation $2,320

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
16d
Score
18
Yield
4.9%
Cash on Cash
-8.5%
Cap Rate
2.7%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Condo Townhouse
MLS® Number-S13872344
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-16-30
Taxes-$2,861.63 (2026)
Maintenance-$348.86/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Flexible
Neighbourhood-Ardagh
Title-Residential Condo & Other

No agent assigned

2-BEDROOM CONDO TOWNHOUSE WITH LOW FEES, PARKING, BALCONY & STORAGE LOCKER! Set in Barrie's desirable Ardagh Bluffs neighbourhood, this well-kept home offers a neutral interior with laminate flooring through the living and dining areas, soft paint tones and a main living space that works just as well for quiet nights at home as it does for dinner with friends. Sliding doors lead to a private balcony, giving you an outdoor spot to enjoy throughout the warmer months. The kitchen features tile flooring, a subway tile backsplash and dark counters for a timeless look that suits a variety of styles. The spacious primary bedroom includes a walk-in closet and semi-ensuite access to the main 4-piece bathroom, while the second bedroom is well suited to guests, a home office or additional personal space. In-unit laundry, an included parking space and a storage locker cover three of the extras condo buyers are always happy to have. Low monthly condo fees add to the appeal for first-time buyers or investors, while shopping, transit and everyday amenities within walking distance make this Ardagh Bluffs location especially appealing.

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Closing Costs

Mortgage Amount
$303,920
Land Transfer Taxes$4,174
Legal Fees (Est.)
$
Total cash required for closing$81,654

Total Monthly Obligation

$2,320/mo
Mortgage $1,532
Monthly Loss $1,916
Principal$403
Interest$1,129
Property Tax$238
Condo Fees$349
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%12
Cash-on-Cash
-13.5%0
5-Year IRR
5.2%12
10-Year IRR
7.1%
Returns Index
7.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$18,648/yr
NOI
$7,335/yr
Net Cash Flow
-$921/mo
Cash Margin
-59.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
31.1/ 100

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

Comparables

Properties near 245 Ferndale Drive S 58

Time

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Data last updated within the past 24 hours.