302 Essa Road 502, Barrie

$585,000
302 Essa Road 502

$585,000

New
15d
Condo ApartmentApartment

302 Essa Road 502, Barrie

Total Monthly Obligation $3,739

Bed+Den
3+1
Baths
2
Park
2
Sqft
1400-1599
DOM
15d
Score
18
Yield
6.5%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Condo Apartment
MLS® Number-S13875016
Bed+Den-3+1
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$5,491.72 (2025)
Maintenance-$721.26/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE RCR REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster), Stone
Possession-Flexible
Neighbourhood-400 West
Title-Residential Condo & Other

No agent assigned

Welcome to this rarely offered 5th-floor corner suite at The Gallery, boasting an impressive 1,454 sq. ft. of living space, 2 bedrooms plus a den, 2 full bathrooms, TWO underground parking spaces and TWO lockers. From the moment you step inside, the spacious layout, natural light and beautiful views set this condo apart.The modern kitchen includes quartz countertops, stylish backsplash, stainless steel appliances, soft-close cabinetry and plenty of storage. Neutral tones flow throughout the suite, while extra-large windows draw your eye to the surrounding treeline and beyond.Step onto the expansive covered wraparound balcony and take in views over the treetops, across Barrie and toward Kempenfelt Bay. Enjoy morning coffee, unwind at the end of the day, entertain friends and BBQ, making this outdoor space a true extension of the condo. And when the city lights come on, the nighttime views are spectacular.The primary bedroom features dual closets and a private 3-piece ensuite, while the second bedroom offers plenty of space for family or guests. The versatile den is ideal for a home office, reading room or additional living space. No carpet throughout and a full-size washer and dryer add everyday convenience.Just an elevator ride away, the impressive 11,000 sq. ft. rooftop terrace offers even more outdoor space to relax, entertain and enjoy panoramic views. Step outside and enjoy the extensive trail system and natural surroundings.Grocery store, home improvement centre, restaurants, transit and everyday amenities are just minutes away. Quick access to Highway 400 makes this a commuter's dream. Offering generous living, exceptional storage, TWO underground parking spaces and beautiful views, this thoughtfully designed suite delivers the comfort of a home with the ease of condo living.

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

Closing Costs

Mortgage Amount
$468,000
Land Transfer Taxes$8,175
Legal Fees (Est.)
$
Total cash required for closing$126,675

Total Monthly Obligation

$3,739/mo
Mortgage $2,360
Monthly Loss $3,118
Principal$621
Interest$1,739
Property Tax$458
Condo Fees$721
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
9.1%29
10-Year IRR
10.1%
Returns Index
15.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$37,800/yr
NOI
$17,473/yr
Net Cash Flow
-$904/mo
Cash Margin
-28.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
22.3/ 100

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

Comparables

Properties near 302 Essa Road 502

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.