4 Spice Way 315, Barrie

$439,000
4 Spice Way 315

$439,000

New
3d
Condo ApartmentApartment

4 Spice Way 315, Barrie

Total Monthly Obligation $2,821

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
3d
Score
19
Yield
6.4%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.1%
Property Type-Condo Apartment
MLS® Number-S14096536
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,962.26 (2026)
Maintenance-$519.64/mo
Locker-None
Parking-1 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Rural Barrie Southeast
Title-Residential Condo & Other

No agent assigned

Top 5 Reasons You Will Love This Condo: 1) Move in with confidence and enjoy a beautifully updated condo featuring numerous thoughtful improvements, including versatile 2-in-1 blinds in both bedrooms, a newer dishwasher, upgraded light fixtures, and newer in-suite washer and dryer, adding both style and everyday convenience 2) Experience comfortable, low-maintenance living in a well-appointed building offering an impressive selection of amenities, including two elevators, a community kitchen, fitness centre, and a nearby park with a playground, while a natural gas hookup on the private balcony adds convenience for outdoor cooking and entertaining 3) Retreat to the generously sized primary bedroom featuring a spacious walk-in closet with a newer organizer, a private ensuite complete with a step-in shower, and upgraded lighting, creating a comfortable and functional space to relax and unwind 4) Embrace an exceptional South Barrie location close to the new Metro grocery store, Barrie South GO Station, Highway 400, restaurants, shopping, and everyday amenities, offering excellent convenience for commuters and those seeking an accessible lifestyle 5) Enjoy the added convenience of an above-ground parking space ideally positioned near the building's front entrance, complemented by ample visitor parking and the potential to rent a second parking space if needed, providing additional flexibility for households with multiple vehicles. 1,069 fin.sq.ft.

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

Closing Costs

Mortgage Amount
$351,200
Land Transfer Taxes$5,255
Legal Fees (Est.)
$
Total cash required for closing$94,555

Total Monthly Obligation

$2,821/mo
Mortgage $1,771
Monthly Loss $2,355
Principal$466
Interest$1,305
Property Tax$330
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.7%27
10-Year IRR
9.8%
Returns Index
14.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$28,056/yr
NOI
$12,652/yr
Net Cash Flow
-$716/mo
Cash Margin
-30.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.7/ 100

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

Comparables

Properties near 4 Spice Way 315

Time

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Data last updated within the past 24 hours.