506 Essa Road 38, Barrie

$399,000
506 Essa Road 38

$399,000

New
21d
Condo TownhouseStacked Townhouse

506 Essa Road 38, Barrie

Total Monthly Obligation $2,518

Beds
3
Baths
2
Park
1
Sqft
1400-1599
DOM
21d
Score
26
Yield
7.9%
Cash on Cash
3.9%
Cap Rate
5.4%
5Y IRR
18.7%
10Y IRR
17.1%
Property Type-Condo Townhouse
MLS® Number-S13853066
Beds-3
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 2, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,979.03 (2026)
Maintenance-$460/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ENGEL & VOLKERS BARRIE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Holly
Title-Residential Condo & Other

No agent assigned

Welcome to Mapleview Gardens, a peaceful and welcoming community surrounded by mature trees and green space! This spacious 3-bedroom, 2-storey condo offers a bright open-concept layout with plenty of natural light, beautiful engineered hardwood flooring, main-floor laundry, an updated main bathroom and convenient powder room. Tucked toward the rear of the community, this home enjoys a quieter setting away from traffic and city noise, with a private, tree-lined balcony that's perfect for morning coffee or unwinding at the end of the day. Great sense of space and privacy, this is a wonderful place to call home!

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

Closing Costs

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,518/mo
Mortgage $1,609
Monthly Loss $2,094
Principal$424
Interest$1,186
Property Tax$248
Condo Fees$460
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.0%5
5-Year IRR
14.3%67
10-Year IRR
14.2%
Returns Index
34.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$31,656/yr
NOI
$17,591/yr
Net Cash Flow
-$144/mo
Cash Margin
-5.4%2
Cash Flow Index
1.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9120
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
34.6/ 100

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

Comparables

Properties near 506 Essa Road 38

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.