8 Lucas Avenue, Barrie

$619,900
8 Lucas Avenue

$619,900

New
3d
DetachedBungalow

8 Lucas Avenue, Barrie

Total Monthly Obligation $3,257

HausQ Valuation Report
Beds
2
Baths
2
Park
3
Sqft
700-1100
DOM
3d
Score
18
Yield
4.7%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-S14098350
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-35.1 × 111.55 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$4,574 (2025)
Parking-4 - Attached
Basement-Full, Partially 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-Holly
Title-Residential Freehold

No agent assigned

Welcome to this inviting 2-bedroom, 2-bathroom bungalow in Barrie's desirable southwest end, offering a bright, spacious layout and excellent in-law potential. The updated eat-in kitchen features a breakfast bar, ample cabinetry, and a walkout to a fully fenced backyard with an expansive deck and garden shed with hydro. Hardwood flooring flows throughout the main level, complemented by a combined living and dining room, primary bedroom, second bedroom, and 4-piece bathroom. Convenient inside entry to the garage adds everyday practicality. The lower level boasts a generous recreation room with gas fireplace, a second 4-piece bathroom, laundry, ample storage, and an oversized bonus room ready to customize to suit your needs. Recent updates include a new furnace, a new insulated garage door, and newer shingles with a 15-year warranty. Ideally located close to parks, schools, shopping, golf, public transit, everyday amenities, and Highway 400.

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(utilities, internet...)
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%
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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

$3,257/mo
Mortgage $2,501
Monthly Loss $2,599
Principal$658
Interest$1,843
Property Tax$381
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.4/ 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
$29,400/yr
NOI
$17,386/yr
Net Cash Flow
-$1,052/mo
Cash Margin
-42.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
24.6/ 100

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

Comparables

Properties near 8 Lucas Avenue

Time

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Data last updated within the past 24 hours.