31 Madelaine Drive 3, Barrie

$540,000
31 Madelaine Drive 3

$540,000

New
9d
Condo Townhouse2-Storey

31 Madelaine Drive 3, Barrie

Total Monthly Obligation $3,216

Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
9d
Score
18
Yield
5.4%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.7%
10Y IRR
10.8%
Property Type-Condo Townhouse
MLS® Number-S14032094
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-11-15
Taxes-$4,329.13 (2026)
Maintenance-$477.22/mo
Locker-None
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Roof-Asphalt Shingle
Possession-Flexible
Neighbourhood-Painswick South
Title-Residential Condo & Other

No agent assigned

BEAUTIFULLY UPDATED 3-BEDROOM CONDO TOWNHOME OFFERING LOW-MAINTENANCE LIVING IN A FANTASTIC SOUTH BARRIE LOCATION! Enjoy the benefits of condo living in Barrie's desirable south end, just minutes from shopping, parks, Barrie South GO Station and Highway 400. This thoughtfully updated townhome features an attractive brick and stone exterior, a covered front porch and an attached single-car garage equipped with an automatic door opener. The kitchen offers rich wood cabinetry, stainless steel appliances, a tile backsplash and updated quartz countertops and sink. The adjoining dining area features a garden door walkout to the backyard, overlooking landscaped common green space with mature trees. Updated vinyl flooring runs through much of the home, while the living room provides a comfortable setting for quiet evenings or time spent with family. A main-floor powder room adds convenience for guests, while upstairs, three bedrooms include a primary bedroom with a walk-in closet and a completely renovated 3-piece ensuite featuring updated floor and wall tile, an updated vanity and shower enclosure. The second 4-piece bathroom has also been refreshed with updated wall tile and vanity. Condo fees include building insurance, water and common elements, while residents also enjoy access to an on-site gym.

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

Closing Costs

Mortgage Amount
$432,000
Land Transfer Taxes$7,275
Legal Fees (Est.)
$
Total cash required for closing$116,775

Total Monthly Obligation

$3,216/mo
Mortgage $2,178
Monthly Loss $2,643
Principal$573
Interest$1,605
Property Tax$361
Condo Fees$477
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.4%20
10-Year IRR
8.7%
Returns Index
11.4/ 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
$29,160/yr
NOI
$13,788/yr
Net Cash Flow
-$1,029/mo
Cash Margin
-42.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.5/ 100

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

Comparables

Properties near 31 Madelaine Drive 3

Time

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