32 Caroline Street, Barrie

$624,999
32 Caroline Street

$624,999

Price Change
38d
Detached1 1/2 Storey

32 Caroline Street, Barrie

Total Monthly Obligation $3,269

Beds
5
Baths
2
Park
4
Sqft
1500-2000
DOM
38d
Score
23
Yield
6.1%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-S13788272
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-84.64 × 66.8 ft
Listed on site-Sep 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,475 (2026)
Parking-5 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Aluminum Siding, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Allandale Centre
Title-Residential Freehold

No agent assigned

32 Caroline Street, BarrieAllandale | 5 Bedrooms | Extensively UpdatedWelcome to 32 Caroline Street - a beautifully updated five-bedroom home in Barrie's historic Allandale neighbourhood, where original character meets a thoughtful, modern renovation.Step inside and the home feels bright, welcoming, and completely refreshed. New Energy Star triple-pane windows flood the rooms with natural light, while new flooring and carefully chosen finishes create a cohesive, contemporary feel from one space to the next.At the heart of the home is an oversized living room, anchored by a new fireplace and generous enough for both everyday family life and entertaining. The updated kitchen features clean, modern finishes and flows easily into the surrounding living areas, so the main floor feels connected, comfortable, and practical. A standout mudroom brings style and real-world function to daily life. A dedicated office/study offers a quiet place to work, study, or retreat from the main living spaces. Small details add up: a laundry chute accessible from each level quickly becomes one of those conveniences you wonder how you ever lived without. Five bedrooms give the home exceptional flexibility - for a growing family, guests, extra office space, or hobby rooms. Outside, two driveways add rare convenience for a multi-car household, guests, or extra parking. Significant mechanical upgrades are already in place, including a new heat pump, a new tankless hot-water system, and those new triple-pane windows - improvements that support comfort and efficiency for years to come.Extensively updated and move-in ready, 32 Caroline Street offers the space of a family home, the ease of modern upgrades, and the character of an established Allandale neighbourhood - with the major work already done.

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

Closing Costs

Mortgage Amount
$499,999
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,269/mo
Mortgage $2,521
Monthly Loss $2,606
Principal$663
Interest$1,858
Property Tax$373
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%27
Cash-on-Cash
-3.6%3
5-Year IRR
12.8%56
10-Year IRR
12.8%
Returns Index
29.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$38,160/yr
NOI
$25,369/yr
Net Cash Flow
-$407/mo
Cash Margin
-12.8%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
27.6/ 100

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

Comparables

Properties near 32 Caroline Street

Time

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Data last updated within the past 24 hours.