514 Grove Street, Barrie

Price: $888,000

7 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: S13681324

Welcome to this Beautiful Detached Home in Barrie, Featuring a Double-Car Garage and Spacious, Thoughtfully Designed Living Areas. This Exceptional Property Offers 4 Generously Sized Bedrooms Plus a Versatile Main-Floor Den, Perfect for a Home Office. The Inviting Family Room Features a Cozy Wood-Burning Fireplace and Seamlessly Connects to the Well-appointed Kitchen, Complete with a Granite Countertop Island. A Separate Dining Area with Large Windows Creates a Bright and Welcoming Space for Family Gatherings and Entertaining. The Spacious Primary Bedroom Boasts a Walk-in Closet and a 4-piece Ensuite. The Fully Finished Basement Offers an Open-Concept Layout with a Separate Entrance, Kitchen, 3 Additional Bedrooms, and a Den - Providing Excellent Flexibility for Extended Family, Guests, or Potential Rental Income.

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active
New Listing
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$888,000 - 514 Grove Street, Barrie

Detached for Sale in Barrie

New — Listed 7 days ago

Neighbourhood: Grove East

7Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
S13681324
Property Type
Detached
Status
active
Days on Site
7
Bedrooms
7
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Barrie
Listing Brokerage
REALTY WEALTH GROUP INC.
Description

Welcome to this Beautiful Detached Home in Barrie, Featuring a Double-Car Garage and Spacious, Thoughtfully Designed Living Areas. This Exceptional Property Offers 4 Generously Sized Bedrooms Plus a Versatile Main-Floor Den, Perfect for a Home Office. The Inviting Family Room Features a Cozy Wood-Burning Fireplace and Seamlessly Connects to the Well-appointed Kitchen, Complete with a Granite Countertop Island. A Separate Dining Area with Large Windows Creates a Bright and Welcoming Space for Family Gatherings and Entertaining. The Spacious Primary Bedroom Boasts a Walk-in Closet and a 4-piece Ensuite. The Fully Finished Basement Offers an Open-Concept Layout with a Separate Entrance, Kitchen, 3 Additional Bedrooms, and a Den - Providing Excellent Flexibility for Extended Family, Guests, or Potential Rental Income.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,555.90/mo

Includes CMHC insurance ($24,775)

$
$
5%10%50%

5-yr fixed avg.

Principal: $799,200Interest: $542,795
Mortgage Amount$823,975
Total Interest$542,795
Est. Property Tax$629/mo
Total Cost$1,366,770

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: Grove East

Discover Grove East

Grove East 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 Grove East

  • 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

Grove East 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

514 Grove Street, Barrie

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,750/mo
Range: $4,038 - $5,463
Cap Rate (ROI)
5.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$4,750
Maintenance Fees-$0
Property Tax (est.)-$629
Insurance (est.)-$185
Net Cash Flow+$3,936

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 $355/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Barrie's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 7 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.

Bathroom Count Matters

With 4 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 Grove East

I know Grove East 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.

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    514 Grove Street, Barrie | $888,000 | Battaglia Team