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Investment signal

$825,000

24 SHORTREED COURT

Save this home

Beds

5

Baths

4 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Barrie (West Bayfield). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to a home that offers flexibility, comfort, and opportunity. Whether you're looking for a turnkey investment property, a starter home with built-in rental income, a spacious family residence with a finished basement, or a multigenerational home with an in-law suite, this property adapts to your needs. Tucked away on a quiet court in Barrie's desirable Bayfield-Livingstone neighbourhood, this two-storey brick and siding home feels peaceful and private while still being within walking distance of Georgian Mall, grocery stores, and a variety of local restaurants. The property features two separate living spaces: a spacious four-bedroom, two-and-a-half-bath main home and a legal one-bedroom basement apartment. The main and second floors showcase beautiful hand-scraped maple hardwood flooring, complemented by custom ceramic tile in the foyer, kitchen, and bathrooms. Upstairs you'll find four comfortable bedrooms, including a primary suite with a walk-in closet and private ensuite. The basement apartment is thoughtfully designed with its own separate entrance, full kitchen, three-piece bathroom, in-suite laundry, and bright living space-ideal for extended family or rental income. The home has been carefully maintained, with major capital improvements already completed and the building's key systems in sound condition. Ample parking for multiple vehicles adds to the property's convenience and tenant appeal. Additional features: separate hydro meters for main home and basement apartment; whole-home water filtration/softening with reverse-osmosis to both kitchens and upstairs fridge; wood-burning fireplace upstairs; gas/electric stove hookups; BBQ gas li ne; basement mechanical room with separate tankless heater; ceiling fans; quality finishes (5" baseboards); modern outlets and individual plumbing ball valves; ample storage incl. garage mezzanine and 9x13 basement room (office potential); large backyard with mature apple, cherry, and plum trees. (id:65958)

Subtype
Single Family
Structure
House
Community
West Bayfield
Common interest
Freehold
Lot dimensions
37.7 x 124.1 FT
Bedrooms
4 above grade, 1 below grade
Parking
6 total
Stories
2
Fireplace
1
On market
Apr 2, 2026
Status changed
Apr 24, 2026
Annual tax
$5,265.85
Photos
28
MLS#
S12953936
Area
BARRIE_(WEST_BAYFIELD)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFullSeparate entranceN/AN/A

Appliances

WasherRefrigeratorWater softenerStoveDryerMicrowaveWater Heater - Tankless

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

Concrete

Lot

Cul-de-sacIn-Law Suite
Negative cash flow ~$915/mo at these assumptions

Cash on cash

-6.65%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,088

Financing

Down payment$165,000
Loan amount$660,000
Mortgage$3,344/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$378
Insurance$80
Maintenance$688
CapEx reserve$344
Vacancy loss$206

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,344/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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