15 Neelands Street, Barrie

$765,000
15 Neelands Street

$765,000

Price Change
28d
DetachedBungalow

15 Neelands Street, Barrie

Total Monthly Obligation $3,899

Beds
3
Baths
3
Park
4
Sqft
1100-1500
DOM
28d
Score
17
Yield
4.4%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Detached
MLS® Number-S13830252
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-49.22 × 109.93 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,253.66 (2026)
Parking-6 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-Real Broker Ontario Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-West Bayfield
Title-Residential Freehold

No agent assigned

Welcome home! The moment you arrive this beautifully updated all-brick bungalow will make a lasting impression that combines timeless curb appeal, comfortable living spaces, and exceptional versatility, all set on a quiet, mature street in a desirable Barrie neighbourhood. The main floor features a newly updated kitchen with a bright eat-in area and sliding patio doors leading directly to the deck, creating an effortless connection to the private backyard. The spacious living room and dining room offer an inviting setting for both everyday living and entertaining. Three comfortable bedrooms, an updated bathroom, a convenient powder room, and main-floor laundry complete the thoughtfully designed main floor layout. Enjoy the beautifully landscaped backyard with its spacious deck, walkways, and patio areas - perfect for morning coffee, summer gatherings, or relaxing outdoors. The fully finished basement adds tremendous flexibility with a huge recreation room and 3-piece bathroom, ideal for extended family, guests, a home office, media room, or additional living space. A double-car garage with inside entry adds convenience, while the prime location puts you close to schools, parks, Highway 400, Georgian Mall, Royal Victoria Regional Health Centre, shopping, dining, and everyday amenities. Lovingly maintained, exceptionally versatile, and wonderfully located, this is more than just a house-it's a home designed for the way you want to live. Come see everything this inviting Barrie bungalow has to offer!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$612,000
Land Transfer Taxes$11,775
Legal Fees (Est.)
$
Total cash required for closing$166,275

Total Monthly Obligation

$3,899/mo
Mortgage $3,086
Monthly Loss $3,087
Principal$812
Interest$2,274
Property Tax$438
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.7%22
10-Year IRR
8.8%
Returns Index
12.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,600/yr
NOI
$20,486/yr
Net Cash Flow
-$1,379/mo
Cash Margin
-49.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.2/ 100

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

Comparables

Properties near 15 Neelands Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.