$392,000

For sale

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#A3 63 Ferris Lane, Barrie (Cundles East) - Single Family for Sale

#A3 63 Ferris Lane, Barrie (Cundles East), Ontario, L4M5C4

3 beds2 baths2 parking ft²

#B1 63 Ferris Lane, Barrie (Cundles East), Ontario, L4M5C4

3 bd2 ba2 pk1,100 ft²+$639/mo

Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY

Investment analysis

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$392,000

Barrie

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Overview

This 3-bedroom, 2-bathroom condo in Barrie is for sale offering roughly 1,300 sq ft of space. Its $392,000 asking price sits right in line with the $392,000 median in Barrie.

Condos for Sale in Barrie →All real estate in Barrie →

Description

Welcome to this well-maintained 3-bedroom townhouse, ideally positioned in a quieter area of the condominium, away from highway noise. The functional layout features a spacious living room, separate dining area, updated kitchen, 1.5 bathrooms and new flooring throughout. The finished basement provides additional living space and direct access to the built-in garage. Enjoy a private backyard, low condominium fees of $572.11/month (includes water, cable TV and internet) and a convenient location close to shopping, everyday amenities and Highway 400. A wonderful opportunity for first-time buyers, growing families or investors. (id:66096)

Property Details

MLS®: S13811306
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Condo Fee: $572/mo
Fee Includes: Common Area Maintenance, Cable TV, Water
Ownership: Condo/Strata
Property Tax: $2,426/yr
Listed: 44 days ago

Rooms

Main level

Living room: 5.17 x 4.62 meters
Dining room: 2.6 x 3.34 meters
Kitchen: 2.55 x 3.34 meters

Second level

Primary Bedroom: 4.39 x 3.06 meters
Bedroom 2: 3.07 x 4.47 meters
Bedroom 3: 2.41 x 3.02 meters

Basement

Office: 2.52 x 4.72 meters
Laundry room: 2.55 x 3.33 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

44d

Barrie (Cundles East) listings, avg age

38d

Price / ft²

$302

List price

$392K

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.

Area context

Neighbourhood profile (L4M)

This home lists at $392,000, about 4.5× the local median household income of $87,000.

Carrying it typically needs a household income of about $76,571 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$392,000· $302/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,600

Min 5%50%

Mortgage payment$2,065/mo

↳ CMHC premium ($14,896 capitalized)

Property tax (est.)$202/mo

Condo fee$572/mo

Total monthly$2,839

Cash Needed to Close

Down payment (5%)$19,600

Land transfer tax$4,355

Est. closing costs$3,676

Total cash needed$27,631

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#A3 63 Ferris Lane, Barrie (Cundles East) - Single Family for Sale

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Description

Property Details

Rooms

Features

Market Timing

Location

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Neighbourhood profile (L4M)

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