29 Shelley Lane, Barrie

$629,900
29 Shelley Lane

$629,900

New
8d
DetachedBacksplit 3

29 Shelley Lane, Barrie

Total Monthly Obligation $3,214

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
8d
Score
21
Yield
5.4%
Cash on Cash
-0.5%
Cap Rate
4.5%
5Y IRR
15.2%
10Y IRR
14.3%
Property Type-Detached
MLS® Number-S14085724
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-40 × 118 ft
Listed on site-Oct 15, 2026
Style-Backsplit 3
Building Type-Detached
Age-31-50
Taxes-$3,580.71 (2026)
Parking-2 - None
Basement-Partial Basement, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Letitia Heights
Title-Residential Freehold

No agent assigned

EXTENSIVELY UPDATED BACKSPLIT WITH A RENOVATED INTERIOR & A BACKYARD READY FOR LONG SUMMER NIGHTS! Major improvements include a renovated kitchen, luxury vinyl flooring, replaced subflooring, newer carpet, an updated basement bath, newer air conditioning, newer washer and dryer, an updated dishwasher, an owned tankless water heater and an expansive newer deck with two gazebos. Siding, eaves, soffits and roof have also been updated over time, while a stamped concrete front porch and walkway add to the home's curb appeal. The open-concept main level has a more custom look with crown moulding, LED pot lights and built-in shelving framing the gas fireplace. The renovated kitchen is finished with quartz countertops, a glass backsplash, soft-close cabinetry, matte black accents and stainless steel appliances, while a spacious island with built-in storage adds valuable prep space. Heated flooring through the dining area is a detail you will appreciate as soon as the cooler months arrive. Two bedrooms and a 4-piece bath are positioned on the upper level. Both bedrooms feature blackout blinds and built-in closet shelving for added storage. The finished basement gives you a third bedroom, good-sized windows and an updated 3-piece bath with heated flooring, shiplap detailing, a glass shower and newer vanity. The fully fenced backyard is ready for summer with the expansive deck, two gazebos, a gas BBQ hookup and a pear tree, all backing directly onto Portage View Public School grounds. Catch the sunrise from the backyard, the sunset out front and even watch downtown Barrie fireworks from home, with several neighbourhood parks, a splash pad and Sunnidale Park nearby.

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

Closing Costs

Mortgage Amount
$503,920
Land Transfer Taxes$9,073
Legal Fees (Est.)
$
Total cash required for closing$136,553

Total Monthly Obligation

$3,214/mo
Mortgage $2,541
Monthly Loss $2,546
Principal$669
Interest$1,872
Property Tax$298
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.2%44
10-Year IRR
11.5%
Returns Index
22.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$34,320/yr
NOI
$22,807/yr
Net Cash Flow
-$640/mo
Cash Margin
-22.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
26.6/ 100

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

Comparables

Properties near 29 Shelley Lane

Time

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