$521,999

For sale

62 Melrose Avenue, Barrie (Codrington) - Single Family for Sale

62 Melrose Avenue, Barrie (Codrington), Ontario, L4M2A9

3 beds2 baths3 parking1,300 ft²53 × 165 ft (8,745 sq ft) lot sizeListed 21 days ago

Overview

This 3-bedroom, 2-bathroom home in Barrie is for sale offering roughly 1,300 sq ft of space. Listed at $521,999, it is attractively priced about 28% below the $729,999 median asking price in Barrie. It has been on the market 21 days, fresher than the Barrie average of 57 days.

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Description

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. (id:66096)

Property Details

MLS®: S14033486
Property Type: Single Family
Zoning: R2 -Residental
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 53 × 165 ft (8,745 sq ft)
Frontage: 53 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: Garage, Carport
Ownership: Freehold
Property Tax

Features

Appliances: Water Heater
Foundation: Block, Concrete
Exterior: Brick Veneer

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Barrie (Codrington) listings, avg age

57d

Price / ft²

$402

List price

$522K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Barrie (Codrington) has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by MASTER'S TRUST REALTY INC. · GARY GENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4M)

This home lists at $521,999, about 6.0× the local median household income of $87,000.

Carrying it typically needs a household income of about $101,965 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.

Median household income: $87,000
Population: 46,902
Median age: 38
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L4M)

$521,999· $402/ft²

For sale

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Full Cost Breakdown

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Down Payment5.21% · $27,199.90

Min 5.21%50%

Mortgage payment$2,743/mo

↳ CMHC premium ($19,792 capitalized)

Property tax (est.)$400/mo

Total monthly$3,143

Cash Needed to Close

Down payment (5.21%)$27,200

Land transfer tax$6,915

Est. closing costs$4,066

Total cash needed$38,181

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