109 Codrington Street, Barrie

$599,900
109 Codrington Street

$599,900

New
18d
Detached2-Storey

109 Codrington Street, Barrie

Total Monthly Obligation $3,247

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
18d
Score
20
Yield
5.5%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Detached
MLS® Number-S13864154
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 150 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$5,429.76 (2026)
Parking-3 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Codrington
Title-Residential Freehold

No agent assigned

WHERE RUSTIC CHARM MEETS WALKABLE EAST END LIVING! Character, charm, and a fantastic central location come together in this inviting home, tucked onto a desirable tree-lined street just steps from the water, library, and elementary schools. Inside, the front living room and adjoining formal dining room make an immediate impression with bright windows and statement accent walls, while the layout opens beautifully into the showstopping kitchen and family room addition at the back of the home. Here, rustic ceiling beams reclaimed from an 1800s barn, exposed brick detailing, and a gas fireplace create a warm and distinctive space made for lingering with family and friends. A large bay window frames views of the backyard, while the walkout makes summer entertaining easy with direct access to the back patio. Upstairs, three spacious bedrooms include a generous primary with dual closets, all conveniently served by a 4-piece bathroom, with a main-floor powder room adding everyday convenience. The partially finished basement offers a large recreation room plus additional unfinished space ready to become whatever your lifestyle calls for. Outside, the 50 x 150 ft lot delivers the kind of backyard that is increasingly hard to find, with mature trees, established garden beds, a full fence, and plenty of room to play, garden, entertain, or simply enjoy the privacy. A detached single garage is connected by a breezeway and features a convenient side door with an additional entrance into the home. A home with genuine character, an unbeatable setting, and spaces that feel made for real life.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,247/mo
Mortgage $2,420
Monthly Loss $2,611
Principal$637
Interest$1,783
Property Tax$452
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%36
10-Year IRR
10.7%
Returns Index
18.9/ 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
$33,000/yr
NOI
$19,770/yr
Net Cash Flow
-$772/mo
Cash Margin
-28.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
25.5/ 100

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

Comparables

Properties near 109 Codrington Street

Time

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