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Listed 8 days ago

78 Wallace Drive

Northwest, Barrie

$639,900

Detached|2-Storey
3 | 3 | 5
About this home

Meet 78 Wallace. This two-story, all-brick home has been lovingly cared for by its original owners and now it's ready for its next chapter. Uniquely backing onto Emma King Elementary School, it's a rare find for young families: kids can walk to school and even come home for lunch.Inside, you'll find three bedrooms upstairs plus a fourth in the finished basement, which also features a three-piece bathroom. The kitchen and upstairs bathroom have both been beautifully updated. The main floor living room centres around a cozy gas fireplace, with a separate dining room, a small workspace and a convenient two-piece powder room, rounding out the layout.Outside, a massive driveway offers parking for four cars, plus a new garage door and new front door for extra peace of mind. The backyard is private and features a massive shed with gazebo - ideal for storage or a summer hangout.Conveniently located in Northwest Barrie, you're just minutes from Barrie's Golden Mile and all its shopping and amenities. Whether you're buying your first home or looking to downsize without compromise, 78 Wallace checks every box.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$3,487
Lot Size34.78 ft x 118.43 ft
mls© NumberS13776000
Listed ByENGEL & VOLKERS BARRIE

Listing History

  • No recent sale history for this listing.
  • 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%
$3,275
Property tax
$291
Heat allowance
$150
Housing costs
$3,716 / mo

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

Down payment20% · $127,980
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$127,980

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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