$395,000 - 5 Chef Lane Unit 504, Barrie
Condo for Sale in Barrie
Neighbourhood: Rural Barrie Southeast
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- MLS Number
- S13711976
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Barrie
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to the highly sought-after Bistro 6 Community! This bright and spacious top-floor 1-bedroom condominium. Featuring an open-concept layout with abundant natural light, 9-foot ceilings, and laminate flooring throughout, this unit combines comfort and modern style. The contemporary kitchen is equipped with stainless steel appliances, granite countertops, and a ceramic backsplash, seamlessly flowing into the living area enhanced with elegant pot lights. Step out onto your private balcony and enjoy peaceful park views. Residents of Bistro 6 enjoy outstanding amenities, including a fitness centre, communal spice kitchen, basketball court, parks, and more. Ideally located beside scenic walking trails and a creek, this home is also within walking distance to the Barrie GO Station and just minutes from schools, Park Place Shopping Centre, and the beautiful Lake Simcoe waterfront. An excellent opportunity for first-time buyers, downsizers, or investors seeking a vibrant lifestyle in one of Barrie's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$2,026.55/mo
Includes CMHC insurance ($11,021)
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 Rural Barrie Southeast
Rural Barrie Southeast 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 Rural Barrie Southeast
- •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
Rural Barrie Southeast 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 504, 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 $564/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 22 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 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.
About Rural Barrie Southeast
I know Rural Barrie Southeast 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.