$540,000 - 31 Madelaine Drive Unit 3, Barrie
Condo for Sale in Barrie
Popular ListingNeighbourhood: Painswick South
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- MLS Number
- S14032094
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Barrie
- Taxes (2026)
- $4,329
- Maintenance Fees
- $477/mo
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- RE/MAX HALLMARK PEGGY HILL GROUP REALTY
BEAUTIFULLY UPDATED 3-BEDROOM CONDO TOWNHOME OFFERING LOW-MAINTENANCE LIVING IN A FANTASTIC SOUTH BARRIE LOCATION! Enjoy the benefits of condo living in Barrie's desirable south end, just minutes from shopping, parks, Barrie South GO Station and Highway 400. This thoughtfully updated townhome features an attractive brick and stone exterior, a covered front porch and an attached single-car garage equipped with an automatic door opener. The kitchen offers rich wood cabinetry, stainless steel appliances, a tile backsplash and updated quartz countertops and sink. The adjoining dining area features a garden door walkout to the backyard, overlooking landscaped common green space with mature trees. Updated vinyl flooring runs through much of the home, while the living room provides a comfortable setting for quiet evenings or time spent with family. A main-floor powder room adds convenience for guests, while upstairs, three bedrooms include a primary bedroom with a walk-in closet and a completely renovated 3-piece ensuite featuring updated floor and wall tile, an updated vanity and shower enclosure. The second 4-piece bathroom has also been refreshed with updated wall tile and vanity. Condo fees include building insurance, water and common elements, while residents also enjoy access to an on-site gym.
Estimate your monthly payments for this property
Estimated Payment
$2,770.48/mo
Includes CMHC insurance ($15,066)
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.
31 Madelaine Drive Unit 3, 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
Competitive Pricing
At $450/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.
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. The $477/month fees should cover building insurance, common elements, and reserve contributions.
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.
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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.