62 Melrose Avenue, Barrie

$521,999
62 Melrose Avenue

$521,999

New
9d
DetachedBungalow

62 Melrose Avenue, Barrie

Total Monthly Obligation $2,881

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
9d
Score
21
Yield
5.8%
Cash on Cash
-0.6%
Cap Rate
4.5%
5Y IRR
15.1%
10Y IRR
14.2%
Property Type-Detached
MLS® Number-S14033486
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-53 × 165 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,800 (2025)
Parking-3 - Carport
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-MASTER`S TRUST REALTY INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Veneer
Roof-Asphalt Shingle
Foundation-Concrete, Concrete Block
Sewer-Sewer
Possession-30 Days
Neighbourhood-Codrington
Title-Residential Freehold

No agent assigned

Located in a quiet, mature and well-established neighbourhood, this detached home presents an excellent opportunity for buyers looking to renovate and add value. Conveniently situated just minutes from Highway 400, Royal Victoria Regional Health Centre, Georgian College, schools, parks, shopping and other everyday amenities, the property offers a desirable location with excellent accessibility.The home features a functional layout with spacious principal rooms and well-sized bedrooms, providing a practical starting point for a complete renovation. A separate entrance offers added flexibility for future use, subject to buyer verification and any required approvals. The generously sized backyard provides good privacy and ample outdoor space for family enjoyment or future landscaping improvements.This property is ideal for contractors, renovators, investors or buyers looking for the opportunity to update a home to their own taste and preferences in an established neighbourhood. Sold in "as is" condition, with no representations or warranties.

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

Closing Costs

Mortgage Amount
$417,599
Land Transfer Taxes$6,915
Legal Fees (Est.)
$
Total cash required for closing$112,815

Total Monthly Obligation

$2,881/mo
Mortgage $2,106
Monthly Loss $2,327
Principal$554
Interest$1,552
Property Tax$400
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.3%2
5-Year IRR
10.7%40
10-Year IRR
11.2%
Returns Index
21.2/ 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
$30,492/yr
NOI
$18,143/yr
Net Cash Flow
-$594/mo
Cash Margin
-23.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
28.4/ 100

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

Comparables

Properties near 62 Melrose Avenue

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.

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Data last updated within the past 24 hours.