$624,900 - 224 Foster Drive, Barrie
Detached for Sale in Barrie
Neighbourhood: Painswick North
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- MLS Number
- S13740594
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- ONE PERCENT REALTY LTD.
WELCOME TO 224 FOSTER DRIVE! THIS PROPERTY PRESENTS AN EXCELLENT INVESTMENT OPPORTUNITY, AS WELL AS A PRIVATE FAMILY HOME. SITUATED ON A 300 FOOT DEEP LOT WITH GREAT PRIVACY AND AN EXCELLENT LOCATION. THERE IS A MOSTLY COMPLETED BUNKIE AT THE REAR OF THE PROPERTY FOR A POSSIBLE ADDITIONAL LIVING SPACE. A LARGE FOYER LEADS YOU TO THE UPDATED EAT-IN KITCHEN. THE ADJACENT LIVING ROOM IS A GOOD SIZE AND FLOWS OUT TO A SUNROOM OR DOWN THE HALL TO 2 BEDROOMS AND A 4 PIECE BATHROOM. THERE IS NO CARPETING IN THE HOME. DOWNSTAIRS FEATURES A GENEROUS SIZE RECROOM SPACE, A GOOD SIZE BEDROOM AND A LARGE LAUNDRY STORAGE AREA. THE LAUNDRY AREA COULD BE CONVERTED TO A 2ND KITCHEN AND BATHROOM. THERE IS AN EASY POSSIBILITY OF A SEPARATE ENTRANCE AND SUITE. THE DETACHED GARAGE HAS A GAS FIREPACE AND OVERLOOKS THE HUGE LEVEL REAR YARD. THE BACK DECK IS A GOOD SIZE WITH A GARDEN BAR! THE 2 STOREY BUNKIE AT THE REAR OF THE PROPERTY HAS THE ELECTRICAL INSTALLED AND THE INSULATION IS THERE AND PARTIALLY COMPLETED. THE BUNKIE IS COMPLETELY FINISHED ON THE EXTERIOR AS WELL AS GOOD QUALITY WINDOWS. ALL OF THIS LOCATED JUST MINUTES FROM DOWNTOWN AND THE BARRIE WATERFRONT!
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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 North
Painswick North 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 North
- •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 North 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.
224 Foster 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 $893/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.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Painswick North
I know Painswick North 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.