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Investment signal

$649,900

44 PARKSIDE DRIVE

Save this home

Beds

3

Baths

2

Sqft

Year

Type

Multi-family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Barrie (Queen's Park). 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 44 Parkside Dr, Barrie - a beautifully updated century home offering modern finishes while preserving its timeless charm. This registered duplex features a spacious main-floor 2-bedroom suite and a bright upper 1-bedroom suite, both fully renovated and equipped with newer appliances and separate laundry. Situated on a 66 x 132 ft lot with RM2 zoning, the property offers exceptional potential: maintain the existing duplex and explore the possibility of adding two additional units (buyer to verify with the City). It's an ideal opportunity for investors, first-time buyers wishing to offset mortgage costs, or those seeking flexible multi-generational living. Potential Rental Income $2500 Lower & $1800 Upper. Located in a central Barrie neighborhood across from Queens Park and close to schools, shopping, public transit, and major commuter routes, this property delivers convenience and long-term growth. Renovations (2024): Full interior repaint, new flooring, trim, doors & hardware, lighting, bathrooms, kitchens, and most appliances. Additional updates include A/C (2024), HWT (2024) and Furnace (2019). A versatile and rare investment opportunity with outstanding potential. (id:65958)

Subtype
Multi-family
Structure
Duplex
Community
Queen's Park
Lot dimensions
66 x 132 FT
Bedrooms
3 above grade
Parking
4 total
Stories
1.5
On market
Apr 10, 2026
Status changed
Apr 13, 2026
Annual tax
$4,866.32 (2026)
Zoning
RM2
Photos
40
MLS#
S12980330
Area
BARRIE_(QUEEN'S_PARK)

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

WasherRefrigeratorWater meterDishwasherStoveRangeDryerMicrowaveWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Foundation

Stone

Lot

Wooded areaFlat siteDry

Community

School Bus

Utilities

SewerElectricityCable
Negative cash flow ~$737/mo at these assumptions

Cash on cash

-6.81%

Cap rate

3.50%

GRM

16.7

Break-even rent

$4,026

Financing

Down payment$129,980
Loan amount$519,920
Mortgage$2,634/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$298
Insurance$80
Maintenance$542
CapEx reserve$271
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: 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 $2,634/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 13, 2026.

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