41 Ferndale Drive S 408, Barrie

$398,000
41 Ferndale Drive S 408

$398,000

New
16d
Condo ApartmentMulti-Level

41 Ferndale Drive S 408, Barrie

Total Monthly Obligation $2,619

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
16d
Score
21
Yield
7.0%
Cash on Cash
-2.0%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Condo Apartment
MLS® Number-S13874012
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 7, 2026
Style-Multi-Level
Building Type-Condo Apartment
Taxes-$3,625 (2026)
Maintenance-$511.76/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SPECIALISTS INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-Ardagh
Title-Residential Condo & Other

No agent assigned

Top floor. Tree top/ park views. No neighbours above, none to one side. The elevators are steps away and the terrace is full-sized. Units like this don't come up often - not in this complex, not with these sightlines over Bear Creek Eco Park. Nearly 1,000 square feet of space that actually feels like a home. The kind of place you want to come back to at the end of the day and aren't shy about showing off. A full-sized tiled foyer with double closets sets the tone. The great room combines living, dining, and a galley kitchen - all of it spilling out to the terrace, warm laminate underfoot, complete trim work, textured ceilings, and Bear Creek framed in every window. The galley kitchen is highly functional - equally capable of a quick lunch or a proper dinner party. Down the hall, past the ensuite laundry, the principal bedroom fits a king with room for a dresser and double closets to spare. The second bedroom is genuinely sizeable - office, craft room, or guest room with a double closet, it works. The bathroom is warm and accessible, featuring an easy step-over shower, a large vanity, and real room to move. Out back, the complex opens onto Bear Creek Eco Park - walking trails, nature, and quiet. Out front, A large outdoor area with playground and sitting spaces sits within the grounds. Parking included. Ample visitor parking for guests. Barrie at your door. A taste of Muskoka out every window.

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

Closing Costs

Mortgage Amount
$318,400
Land Transfer Taxes$4,445
Legal Fees (Est.)
$
Total cash required for closing$85,545

Total Monthly Obligation

$2,619/mo
Mortgage $1,605
Monthly Loss $2,197
Principal$422
Interest$1,183
Property Tax$302
Condo Fees$512
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
10.0%35
10-Year IRR
10.8%
Returns Index
18.6/ 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
$27,768/yr
NOI
$12,825/yr
Net Cash Flow
-$537/mo
Cash Margin
-23.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
30.0/ 100

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

Comparables

Properties near 41 Ferndale Drive S 408

Time

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