245 Pringle Drive, Barrie

$710,000
245 Pringle Drive

$710,000

New
15d
DetachedBungalow-Raised

245 Pringle Drive, Barrie

Total Monthly Obligation $3,708

Beds
4
Baths
4
Park
3
Sqft
1100-1500
DOM
15d
Score
18
Yield
4.9%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-S13880408
Beds-4
Bathrooms-4
Size-1100-1500 sqft
Lot Size-49.2 × 110.42 ft
Listed on site-Oct 8, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-16-30
Taxes-$5,633 (2025)
Parking-5 - Attached
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30-60 Days
Neighbourhood-Edgehill Drive
Title-Residential Freehold

No agent assigned

FOUR BEDROOMS. FOUR BATHROOMS. TWO KITCHENS. ONE OUTSTANDING OPPORTUNITY! This all-brick 2+2 bedroom raised bungalow offers the space, versatility and unusually rare four-bathroom layout that families are searching for. The bright, open-concept main floor features hardwood flooring, a spacious kitchen overlooking the dining area and family room, and a gas fireplace that anchors the living space. Sliding doors open to a large elevated deck-perfect for entertaining and summer dinners. A separate formal living room, main-floor laundry, direct garage access and a generous primary bedroom with a private ensuite complete the main level. The finished lower level truly sets this home apart, offering a bright one-bedroom apartment with its own kitchen, open-concept living area and separate entrance-ideal for extended family or potential income. The balance of the basement provides another bedroom and adjoining recreation room with large above-grade windows and a walkout to the backyard patio. Two kitchens, four bathrooms, multiple living areas, two outdoor entertaining spaces and a double garage-all in a fantastic Barrie neighborhood. Appliances included and priced to sell. This is not your average bungalow-book your showing before it's gone!

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

Closing Costs

Mortgage Amount
$568,000
Land Transfer Taxes$10,675
Legal Fees (Est.)
$
Total cash required for closing$154,175

Total Monthly Obligation

$3,708/mo
Mortgage $2,864
Monthly Loss $2,955
Principal$754
Interest$2,110
Property Tax$469
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.9%28
10-Year IRR
9.8%
Returns Index
15.4/ 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
$34,908/yr
NOI
$21,284/yr
Net Cash Flow
-$1,090/mo
Cash Margin
-37.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.5/ 100

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

Comparables

Properties near 245 Pringle Drive

Time

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