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Investment signal

$649,000

35 CORBETT DRIVE

Beds

Baths

3.1

Sqft

—

Year

—

Location

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About this home

Perfect starter home complete with updates features including a new furnace (2019), central air conditioner (2020), and new windows (2019).Open-concept layout complete with inside entry from the attached garage, offering ultimate convenience. Fully finished basement including 1 room and washroom. Updated Kitchen, new flooring and pot light. Fully fenced big backyard with a deck and an incredible atmosphere with a mature treed setting. Ideally located close to all amenities, Hospital, Georgian College, and Highway 400 access. Excellent opportunity for first time home buyers. They can rent a basement and generate additional income. For investors they can rent the upper part and basement both to generate cash flow. (id:65958)

Subtype: Single Family
Structure: House
Community: Grove East
Common interest: Freehold
Lot dimensions: 32.8 x 108.3 FT
Bedrooms: 3 above grade
Parking: 4 total
Stories: 2
Fireplace: Yes
On market: Mar 31, 2026
Status changed: Apr 13, 2026
Annual tax: $3,600 (2025)
Zoning: RM1
Photos: 27
MLS#: S12938236
Area: BARRIE_(GROVE_EAST)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFull

Appliances

WasherRefrigeratorDishwasherStoveDryerWindow CoveringsGarage door opener remote(s)Water Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Flooring

HardwoodLaminateVinyl

Foundation

Concrete

Utilities

SewerElectricityCable

Security

Alarm system

Negative cash flow ~$1,286/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.89%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,604

Financing

Down payment$129,800

Loan amount$519,200

Mortgage$3,185/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297

Insurance$80

Maintenance$541

CapEx reserve$270

Vacancy loss$163

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $3,185/mo at 5.49% with 20% down, 25-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 13, 2026.