89 Masters Drive, Barrie

$728,888
89 Masters Drive

$728,888

New
60d
DetachedBungalow-Raised

89 Masters Drive, Barrie

Total Monthly Obligation $3,739

Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
60d
Score
18
Yield
4.6%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-S13706766
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-39.37 × 116.42 ft
Listed on site-Aug 24, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$5,082 (2025)
Parking-4 - Built-In
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 MILLENNIUM INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-East Bayfield
Title-Residential Freehold

No agent assigned

East Bayfield Gem! Spacious Raised Bungalow With 4 Bedrooms & Large Backyard **Welcome to a home where comfort, space and possibility come together in one of Barrie's most sought-after neighbourhoods.** This charming detached raised bungalow in East Bayfield offers a warm and inviting layout with the flexibility to grow and adapt to whatever life looks like next. Step inside and discover a bright, welcoming main level featuring **2 spacious bedrooms**, comfortable living areas and plenty of natural light. Freshly painted throughout, the home feels clean, refreshed and move-in ready-giving you the perfect canvas to make it your own. Downstairs, the **fully finished lower level** takes this home to another level. With **2 additional bedrooms, a generous recreation room, a stylish 3-piece bathroom and new wood flooring**, there is room for everyone. Whether you need space for a growing family, visiting guests, a home office, extended family or a private living area, the possibilities are yours to explore. And then there's the backyard-a wonderful outdoor extension of the home with a **walkout to a large yard**, offering plenty of space for children to play, summer gatherings, gardening or simply enjoying your own private outdoor retreat. For first-time buyers, this is an opportunity to own a home with room to grow. For families, there's space for everyone. For downsizers, the bungalow layout provides comfortable main-floor living with valuable additional space below. And for investors, the flexible floor plan and desirable location offer exciting potential. Located in **East Bayfield**, you'll be close to schools, parks, shopping, restaurants, everyday amenities and major commuter routes. **Freshly painted. Spacious. Flexible. Move-in ready. And full of possibilities.** This is more than just a house-it's a place to start your next chapter. **Come see it for yourself. You may just find the home you've been waiting for.**

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

Closing Costs

Mortgage Amount
$583,110
Land Transfer Taxes$11,053
Legal Fees (Est.)
$
Total cash required for closing$158,331

Total Monthly Obligation

$3,739/mo
Mortgage $2,940
Monthly Loss $2,965
Principal$774
Interest$2,166
Property Tax$424
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.2/ 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
$33,228/yr
NOI
$20,323/yr
Net Cash Flow
-$1,247/mo
Cash Margin
-45.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.1/ 100

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

Comparables

Properties near 89 Masters Drive

Time

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Data last updated within the past 24 hours.