$998,888 - 17 Michelle Drive, Barrie
Detached for Sale in Barrie
Popular ListingNeighbourhood: Painswick South
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- MLS Number
- S13728616
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RE/MAX EXPERTS
BEAUTIFUL LEGALLY REGISTERED 2-UNIT HOME, 3 + 3 BEDROOMS, 3 BATHROOMS, 6 PARKING, SOUTH BARRIE Incredible Income Property In Barrie's Highly Coveted Painswick-South Neighbourhood! This Beautiful And Well-Maintained Legal Two-Unit Property Features A Spacious 3-Bedroom Upstairs Unit And A Newly Renovated 3-Bedroom Basement Apartment, Offering An Excellent Opportunity For Investors, Extended Families, Or Those Looking To Live In One Unit And Generate Rental Income From The Other. The Basement Apartment Is Legally Registered, Fully Soundproofed, And Features Its Own Private Walk-Out Entrance, Providing Privacy And Excellent Separation Between Both Units. Both Units Offer Spacious Layouts, Modern Kitchens, Full Bathrooms, Comfortable Living And Dining Areas, And In-Unit Laundry. The Property Offers An Ideal Opportunity For a Large Family. Equipped With A Fully Fenced Backyard. Conveniently Located Just Minutes From The GO-Train, Highway 400, Shopping, Restaurants, Schools And An Abundance Of Local Amenities. Potential Rent $4600 Plus Utilities With A Legal 2-Unit Configuration, Newly Renovated Basement Apartment, Private Walk-Out, Soundproofing And Excellent Rental Potential, This Is An Incredible Income Property In A Highly Desirable South Barrie Location.
Estimate your monthly payments for this property
Estimated Payment
$5,124.81/mo
Includes CMHC insurance ($27,869)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Painswick South
Painswick South is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Painswick South
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Painswick South offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
17 Michelle Drive, Barrie
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $908/sqft, this property is priced in line with current Barrie market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Detached Home Advantages
Detached homes in Barrie are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Barrie.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Painswick South
I know Painswick South well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,162 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.