23 Prince Of Wales Drive, Barrie

$824,900
23 Prince Of Wales Drive

$824,900

New
5d
Detached2-Storey

23 Prince Of Wales Drive, Barrie

Total Monthly Obligation $4,182

Beds
4
Baths
4
Park
3
Sqft
2500-3000
DOM
5d
Score
18
Yield
4.7%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-S14092670
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-39.37 × 111.55 ft
Listed on site-Oct 18, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,760 (2025)
Parking-5 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP INCENTIVE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Innis-Shore
Title-Residential Freehold

No agent assigned

Welcome to this beautifully appointed 4-bedroom, 4-bathroom two-storey home, ideally situated in one of Barrie's most desirable southeast-end communities. Offering approximately 3,400 sq. ft. of finished living space, this spacious family home is perfectly positioned within walking distance to a secluded beach, scenic trails, parks and schools, while also being close to shopping, golf, Friday Harbour and the GO Station. A welcoming covered front porch leads into the grand foyer, setting the tone for the bright and spacious interior. The main level features beautiful hardwood flooring throughout, an inviting living room with gas fireplace, separate dining room and a well-appointed eat-in kitchen complete with breakfast bar, stainless steel appliances, and a walkout to a private backyard, offering a peaceful outdoor retreat with no neighbour's behind. A convenient main-floor office provides the perfect space for working from home, while a powder room and inside entry to the double-car garage add everyday functionality. A beautiful hardwood staircase leads to the upper level, where you'll find a generous primary suite featuring his-and-her closets and a spacious 4-piece ensuite. Three additional bedrooms provide plenty of room for family, or guests, including a second bedroom with a walk-in closet. The upper level is completed by a 4-piece bathroom and convenient laundry. The fully finished lower level adds even more living space with a large rec room, 4-piece bathroom and ample storage. With its spacious layout, abundant natural light, desirable southeast-end location and private backyard setting, this home offers the perfect combination of comfort, convenience and lifestyle. Just minutes to everyday amenities and all that Barrie and the surrounding area have to offer. A must-see!

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

Closing Costs

Mortgage Amount
$659,920
Land Transfer Taxes$12,973
Legal Fees (Est.)
$
Total cash required for closing$179,453

Total Monthly Obligation

$4,182/mo
Mortgage $3,327
Monthly Loss $3,307
Principal$876
Interest$2,452
Property Tax$480
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.8%28
10-Year IRR
9.7%
Returns Index
15.1/ 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
$38,700/yr
NOI
$24,570/yr
Net Cash Flow
-$1,280/mo
Cash Margin
-39.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.7/ 100

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

Comparables

Properties near 23 Prince Of Wales Drive

Time

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Data last updated within the past 24 hours.