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Listed 1 month ago

40 Marcus Street

Allandale, Barrie

$579,900

Detached|2-Storey
3 | 1 | 2
About this home

## 40 Marcus Street, Barrie - $579,900**A DETACHED HOME. A HUGE LOT. AND A TON OF POTENTIAL.**Why settle for a townhouse when you can own a detached home on an incredible **66' x 164' treed lot** in a quiet, established Barrie neighbourhood?Welcome to **40 Marcus Street**, a charming century home that has been owned and loved by the **same family since 1969**. This is the kind of property that is becoming harder and harder to find - an affordable detached home with character today and exciting possibilities for tomorrow.Step inside and you'll find the warmth and charm you expect from an older home, including a beautiful **wood staircase** and plenty of opportunity to update, renovate and make the space your own. Important improvements, including a **newer furnace and newer roof**, have already been completed.But the real story here is the **property itself**.The spectacular **66-foot-wide by 164-foot-deep lot** is beautifully treed, fenced and offers an incredible amount of outdoor space - something you simply don't get with most newer homes or townhouses. Enjoy it as it is, renovate and expand the existing home, or explore the property's future development possibilities. Throughout the surrounding area, many older homes are being transformed, renovated and expanded, showing just how much potential properties like this can offer.Located on a **quiet street close to a park**, this is an exciting opportunity for **first-time buyers, renovators and investors** looking beyond today's finishes and seeing the value in land, location and long-term potential.At **$579,900**, 40 Marcus Street is your chance to get into a detached home, own an exceptional piece of property and create something special.**Bring your ideas. Bring your vision. Come see the potential for yourself.***Development, renovation, addition and other future-use opportunities are subject to municipal zoning, approvals and applicable regulations.*

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$4,505
Lot Size66 ft x 165 ft
mls© NumberS13699666
Listed ByEXP REALTY

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,968
Property tax
$375
Heat allowance
$150
Housing costs
$3,494 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $115,980
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,440 / mo
Cash down
$115,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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