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Investment signal

$689,000

56 HEMINGWAY CRESCENT

Beds

Baths

3.1

Sqft

—

Year

—

Location

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About this home

Welcome to this beautifully maintained detached home offering approximately 1,100 sqft. of comfortable living space in a desirable Barrie neighbourhood. This property features 3 spacious bedrooms and 3 well-appointed washrooms, making it ideal for families or investors alike.The main level offers a functional layout with bright living and dining areas, perfect for everyday living and entertaining. The home also includes a separate entrance leading to a fully finished basement studio, providing excellent potential for rental income, in-law living, or a private workspace.Enjoy the convenience of three parking spaces ensuring ample room for multiple vehicles. (id:65958)

Subtype: Single Family
Structure: House
Community: Letitia Heights
Common interest: Freehold
Lot dimensions: 39.3 x 100.7 FT
Bedrooms: 3 above grade
Parking: 4 total
Stories: 2
Fireplace: Yes
On market: Apr 13, 2026
Status changed: Apr 19, 2026
Annual tax: $3,741 (2025)
Photos: 48
MLS#: S12993196
Area: BARRIE_(LETITIA_HEIGHTS)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedSeparate entranceN/AN/A

Appliances

RefrigeratorDishwasherStoveAlarm System

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Foundation

Unknown

Negative cash flow ~$1,361/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

-11.85%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,883

Financing

Down payment$137,800

Loan amount$551,200

Mortgage$3,382/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$316

Insurance$80

Maintenance$574

CapEx reserve$287

Vacancy loss$173

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 (Letitia Heights). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,382/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 19, 2026.