78 Wallace Drive, Barrie

$619,900
78 Wallace Drive

$619,900

New
10d
Detached2-Storey

78 Wallace Drive, Barrie

Total Monthly Obligation $3,166

HausQ Valuation Report
Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
10d
Score
22
Yield
5.6%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.6%
Property Type-Detached
MLS® Number-S14031572
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-34.78 × 118.43 ft
Listed on site-Oct 13, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$3,487 (2026)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS BARRIE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Northwest
Title-Residential Freehold

No agent assigned

Meet 78 Wallace. This two-story, all-brick home has been lovingly cared for by its original owners and now it's ready for its next chapter. Uniquely backing onto Emma King Elementary School, it's a rare find for young families: kids can walk to school and even come home for lunch.Inside, you'll find three bedrooms upstairs plus a fourth in the finished basement, which also features a three-piece bathroom. The kitchen and upstairs bathroom have both been beautifully updated. The main floor living room centres around a cozy gas fireplace, with a separate dining room, a small workspace and a convenient two-piece powder room, rounding out the layout.Outside, a massive driveway offers parking for four cars, plus a new garage door and new front door for extra peace of mind. The backyard is private and features a massive shed with gazebo - ideal for storage or a summer hangout.Conveniently located in Northwest Barrie, you're just minutes from Barrie's Golden Mile and all its shopping and amenities. Whether you're buying your first home or looking to downsize without compromise, 78 Wallace checks every box.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$495,920
Land Transfer Taxes$8,873
Legal Fees (Est.)
$
Total cash required for closing$134,353

Total Monthly Obligation

$3,166/mo
Mortgage $2,501
Monthly Loss $2,508
Principal$658
Interest$1,843
Property Tax$291
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.2%2
5-Year IRR
11.5%46
10-Year IRR
11.8%
Returns Index
24.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$34,500/yr
NOI
$23,063/yr
Net Cash Flow
-$579/mo
Cash Margin
-20.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
27.1/ 100

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

Comparables

Properties near 78 Wallace Drive

Time

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Data last updated within the past 24 hours.