289 Esther Drive, Barrie

$676,000
289 Esther Drive

$676,000

New
17d
Semi-Detached 2-Storey

289 Esther Drive, Barrie

Total Monthly Obligation $3,474

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
17d
Score
20
Yield
5.2%
Cash on Cash
-2.0%
Cap Rate
4.1%
5Y IRR
14.0%
10Y IRR
13.3%
Property Type-Semi-Detached
MLS® Number-S13869696
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-29.53 × 109.93 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-16-30
Taxes-$4,461.21 (2026)
Parking-3 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-Painswick South
Title-Residential Freehold

No agent assigned

Welcome to a home that gives you the space you need today - with room to make it your own tomorrow and a south Barrie location that keeps everything within easy reach - this 3-bedroom, 2.5-bath semi-detached home has a lot to offer. The main floor is designed for comfortable everyday living, with hardwood flooring and a combined living and dining area centered around a cozy gas fireplace. Curl up by the fire for a movie on a crisp fall evening, or step through the walkout to the brand-new stone patio and enjoy a glass of wine outdoors. It's an easy extension of the living space and a great setup for entertaining, summer BBQs or simply unwinding at the end of the day. A full garage with convenient inside entry is another welcome feature - particularly when fall turns into winter snow! Upstairs, you'll find three generously sized bedrooms, including a spacious primary suite with an upgraded ensuite. The spacious primary suite is a standout, featuring an upgraded ensuite and built-in closet that create a comfortable retreat at the end of the day. The unfinished basement offers plenty of storage now and a blank canvas for the future. Create a rec room, home gym, office or additional living space and finish it to suit your own needs and style. And then there's the location. Set in Barrie's sought-after south end, you're close to parks, recreation, shopping, restaurants and everyday amenities, with quick access to Highway 400 for commuters and weekend adventures alike. Whether you're stepping into homeownership, looking for more room to grow, or ready to simplify without giving up the space you enjoy, this is a home that gives you comfort today, flexibility for tomorrow, and a location that makes everyday life just a little easier.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$540,800
Land Transfer Taxes$9,995
Legal Fees (Est.)
$
Total cash required for closing$146,695

Total Monthly Obligation

$3,474/mo
Mortgage $2,727
Monthly Loss $2,756
Principal$718
Interest$2,009
Property Tax$372
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.3/ 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
$35,040/yr
NOI
$22,575/yr
Net Cash Flow
-$846/mo
Cash Margin
-29.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
24.4/ 100

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

Comparables

Properties near 289 Esther Drive

Time

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