16 Drake Drive, Barrie

$594,900
16 Drake Drive

$594,900

New
23d
Att/Row/Townhouse2-Storey

16 Drake Drive, Barrie

Total Monthly Obligation $3,085

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
23d
Score
20
Yield
5.1%
Cash on Cash
-2.5%
Cap Rate
4.1%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Att/Row/Townhouse
MLS® Number-S13844004
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-19.69 × 111.56 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-16-30
Taxes-$3,727 (2025)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-PARKER COULTER REALTY BROKERAGE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Painswick South
Title-Residential Freehold

No agent assigned

Welcome To 16 Drake Dr. This stunning 3 Bed - 2 Bath Freehold townhome Is located In the Picturesque Painswick South Community. Just minutes to Downtown Barrie, Barrie's Waterfront-Centennial Beach and parks, and perfect for a young family looking to establish roots in one of Barrie's best neighborhoods. A quick drive to Hwy 400, this Brick townhome features 3 bedrooms and 2bathrooms and a fully finished basement. Natural light pours into the home, creating a warm and spacious atmosphere. Enjoy a fully renovated home complete with Modern Flooring throughout, White Oak Staircases, Pot Lights, Quartz Counters and stainless steel appliances. The large living room, chic finishes, and large windows are sure to impress. Upstairs, you'll find three spacious bedrooms and a 4-piece bathroom, providing plenty of room for the whole family. The primary bedroom includes a large walk in closet, and plenty of natural light. The lower level features a generous recreation space perfect for entertaining, or could easily be converted into a fourth bedroom and in-law suite. The fully fenced private backyard provides plenty of room for the family and pets, with and a storage shed. Enjoy everything South Barrie has to offer - just steps from parks and schools, and only a short drive to grocery stores, the community center, local restaurants, and shopping. Don't miss the opportunity to experience the perfect blend of lifestyle and convenience that this home offers in a prime location! Upgrades include: New Flooring upstairs (2022), Stainless Appliances, Quartz Counters (2019), Furnace (2025), Washer/Dryer, AC, Roof (2019).

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

Closing Costs

Mortgage Amount
$475,920
Land Transfer Taxes$8,373
Legal Fees (Est.)
$
Total cash required for closing$128,853

Total Monthly Obligation

$3,085/mo
Mortgage $2,400
Monthly Loss $2,454
Principal$631
Interest$1,768
Property Tax$311
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%33
10-Year IRR
10.3%
Returns Index
17.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,240/yr
NOI
$18,989/yr
Net Cash Flow
-$817/mo
Cash Margin
-32.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.4/ 100

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

Comparables

Properties near 16 Drake Drive

Time

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