46 College Crescent, Barrie

$649,000
46 College Crescent

$649,000

New
18d
DetachedBacksplit 4

46 College Crescent, Barrie

Total Monthly Obligation $3,359

Beds
5
Baths
3
Park
2
Sqft
1500-2000
DOM
18d
Score
21
Yield
5.7%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.7%
Property Type-Detached
MLS® Number-S13861246
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-51.14 × 116.13 ft
Listed on site-Oct 5, 2026
Style-Backsplit 4
Building Type-Detached
Age-51-99
Taxes-$4,390.56 (2025)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Grove East
Title-Residential Freehold

No agent assigned

A BACKSPLIT WITH MULTI-GENERATIONAL POTENTIAL & A PERMIT FOR A PROPOSED DUPLEX CONVERSION! Maybe you need more room for your family. Maybe a house with in-law capability is part of the plan. Maybe the duplex conversion opportunity is what gets your attention. Whatever brings you through the door, this detached backsplit gives you 5 bedrooms, multiple living areas and a floor plan that can work in more than one way. The ground level features a kitchen with ample cabinetry and a tiled backsplash, along with both a family room and separate living room with a fireplace. A bedroom and powder room complete this level, while three more bedrooms and a full bathroom are grouped on the upper level. The finished basement adds a fifth bedroom and another full bathroom, giving extended family, older kids or overnight guests valuable separation. The City of Barrie has issued a building permit for the proposed residential duplex conversion, with approved conversion drawings already in place and a permit that may be transferable to a future owner with City approval, reducing the preliminary work for a buyer looking to advance the property's income potential. An interlock walkway leads to the front door, with an attached single-car garage and space for two more vehicles in the driveway, while the fully fenced backyard adds a deck, lawn, mature landscaping and garden shed. Georgian College and RVH are only minutes away, with quick access to Highway 400, shopping and restaurants.

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

Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$3,359/mo
Mortgage $2,618
Monthly Loss $2,670
Principal$689
Interest$1,929
Property Tax$366
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.1%2
5-Year IRR
11.7%47
10-Year IRR
11.9%
Returns Index
24.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$36,948/yr
NOI
$24,363/yr
Net Cash Flow
-$588/mo
Cash Margin
-19.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
26.1/ 100

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

Comparables

Properties near 46 College Crescent

Time

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