302 Essa Road Unit 505, Barrie

Price: $415,000

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: S13470814

WELCOME TO THE LOUVRE! THIS SPACIOUS UNIT IS LOCATED IN THE LARGEST BUILDING AT "THE GALLERY", BRIGHT AND CLEAN 869 SQ FEET 1 BEDROOM + DEN, 1 BATHROOM ON 5TH FLOOR WITH AN EXTRA LARGE BALCONY THAT ALLOWS BARBECUING. PERFECTLY LOCATED FOR COMMUTERS WITH EASY ACCESS TO HWY 400. CLOSE TO SHOPPING AND TRANSIT. LAMINATE FLOORING THROUGHOUT, POT LIGHTS & DIMMERS, QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, FRONT LOAD WASHER/DRYER. ONE UNDERGROUND PARKING SPACE AND STORAGE LOCKER. ENJOY THE 11,000 SQ. FT. ROOFTOP PATIO OVERLOOKING KEMPENFELT BAY. PLENTY OF VISITOR PARKING

302 Essa Road Unit 505 - Condo photo 1 of 7 in Barrie, Ontario
302 Essa Road Unit 505 - Condo photo 2 of 7 in Barrie, Ontario
302 Essa Road Unit 505 - Condo photo 3 of 7 in Barrie, Ontario
302 Essa Road Unit 505 - Condo photo 4 of 7 in Barrie, Ontario
302 Essa Road Unit 505 - Condo photo 5 of 7 in Barrie, Ontario
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$415,000 - 302 Essa Road Unit 505, Barrie

Condo for Sale in Barrie

Neighbourhood: 400 West

2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
S13470814
Property Type
Condo
Status
active
Days on Site
17
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Barrie
Locker
Exclusive
Exposure
West
Balcony
Terrace
Listing Brokerage
RE/MAX HALLMARK CHAY REALTY
Description

WELCOME TO THE LOUVRE! THIS SPACIOUS UNIT IS LOCATED IN THE LARGEST BUILDING AT "THE GALLERY", BRIGHT AND CLEAN 869 SQ FEET 1 BEDROOM + DEN, 1 BATHROOM ON 5TH FLOOR WITH AN EXTRA LARGE BALCONY THAT ALLOWS BARBECUING. PERFECTLY LOCATED FOR COMMUTERS WITH EASY ACCESS TO HWY 400. CLOSE TO SHOPPING AND TRANSIT. LAMINATE FLOORING THROUGHOUT, POT LIGHTS & DIMMERS, QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, FRONT LOAD WASHER/DRYER. ONE UNDERGROUND PARKING SPACE AND STORAGE LOCKER. ENJOY THE 11,000 SQ. FT. ROOFTOP PATIO OVERLOOKING KEMPENFELT BAY. PLENTY OF VISITOR PARKING

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,129.17/mo

Includes CMHC insurance ($11,579)

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5-yr fixed avg.

Principal: $373,500Interest: $253,671
Mortgage Amount$385,079
Total Interest$253,671
Est. Property Tax$294/mo
Total Cost$638,750

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.

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Neighbourhood Guide: 400 West

Discover 400 West

400 West 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 400 West

  • Convenient location in Barrie
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

400 West 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.

70
Walk Score
Varies
Price Range

302 Essa Road Unit 505, Barrie

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$294
Insurance (est.)-$86
Net Cash Flow+$1,300

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $519/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 17 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 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.

About 400 West

I know 400 West 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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    302 Essa Road Unit 505, Barrie | $415,000 | Battaglia Team