$649,900 - 38 Lay Street, Barrie
Detached for Sale in Barrie
32 days on marketNeighbourhood: Wellington
- MLS Number
- S13592070
- Property Type
- Detached
- Status
- active
- Days on Site
- 32
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RARE REAL ESTATE
All-Brick Sidesplit detached home with exceptional Privacy in East Barrie and the perfect blend of location, privacy, and investment potential. Perfect for growing families, multi-generational living, or savvy investors, this property features R2 zoning and sits on a private lot with no neighbours on one side! Bright & Functional Main Level - A sun-drenched, open living and dining area highlighted by large windows that fill the home with natural light. A generous eat-in kitchen offers abundant counter space, great storage, and convenient side door access. Three spacious bedrooms and a well-appointed 4-piece bathroom round out the main floor. Lower Level with In-Law or Rental Potential - You are greeted with a large rec room with a gas fireplace and plenty of natural light. Already outfitted with 2 additional bedrooms and a full bathroom, you'll have a head start on creating an in-law suite or a legal income-generating unit. Private Outdoor Space & Parking - Enjoy complete tranquility on your private back deck. The adjacent lot to the north is city-owned and maintained, ensuring long-term privacy and peace of mind. Includes an attached 1-car garage with direct inside entry, plus a newly paved driveway that comfortably fits 4+ vehicles. Unbeatable East Barrie Location - Steps to local schools and public transit. Just minutes to RVH Hospital, Cundles Road shopping centres, Highway 400 access, and the scenic shores of Kempenfelt Bay on Lake Simcoe. Total finished SQFT 2,409.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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 Wellington
Wellington 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 Wellington
- •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
Wellington 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.
38 Lay Street, Barrie
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $591/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 32 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.
Excellent Flexibility
With 5 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.
About Wellington
I know Wellington 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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.