$499,900 - 5 Chef Lane Unit 114, Barrie
Condo for Sale in Barrie
Neighbourhood: Innis-Shore
- MLS Number
- S13602242
- Property Type
- Condo
- Status
- active
- Days on Site
- 30
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Barrie
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to this beautifully maintained 1,300 sq. ft. home featuring a spacious ceramic-tiled foyer and an inviting open-concept layout. The stylish kitchen boasts stainless steel appliances, quartz countertops, a quartz backsplash, gas stove and a stunning waterfall island, making it the perfect space for cooking and entertaining. A convenient barn door separates the laundry and storage room, which also has a water softener. Step from the kitchen onto your beautiful balcony overlooking the ravine and Eagle Park, offering peaceful views and no rear neighbours for added privacy. The home features laminate flooring throughout, with the exception of two bedrooms, and is finished in neutral, timeless tones. The main bathroom showcases elegant ceramic finishes, quartz countertops, matching shower tile and a luxurious Jacuzzi tub. The spacious primary bedroom offers a private ensuite with quartz countertops, a walk-in glass shower, double closet doors and additional storage space. High ceilings and pot lights add to the bright and airy feel throughout. As an added bonus, a one-year-old Napoleon natural gas BBQ is included, making this home truly move-in ready and ideal for enjoying the beautiful outdoor setting.
Estimate your monthly payments for this property
Estimated Payment
$2,564.75/mo
Includes CMHC insurance ($13,947)
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 Innis-Shore
Innis-Shore 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 Innis-Shore
- •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
Innis-Shore 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.
5 Chef Lane Unit 114, 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 $417/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 30 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.
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 Innis-Shore
I know Innis-Shore 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.