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Investment signal

$849,900

823 ESSA ROAD

Save this home

Beds

4

Baths

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

About this home

Presenting 823 Essa Road, set on an expansive 75' x 200' mature lot in one of Barrie's most rapidly evolving corridors. Surrounded by ongoing and recent development, this property offers a rare opportunity for both immediate income potential and long-term redevelopment upside. Ideal for today's savvy buyer, the home features a fully self-contained in-law suite with separate access, perfect for multigenerational living or conversion into a legal duplex. Beyond its current use, the true value lies in the future potential, with the possibility of additional dwelling units or redevelopment as this stretch of Essa Road continues to transform. Notably, this represents one of the last remaining pockets of large, mature lots in the area, with many neighbouring properties already transitioned into townhome and low- to mid-rise developments. The main level offers 3 spacious bedrooms and 2 bathrooms, highlighted by a beautifully updated open-concept kitchen featuring stainless steel appliances, white shaker cabinetry, and a modern tiled backsplash. The bright and inviting living room is anchored by a charming bay window and a cozy gas fireplace with custom built-ins. The lower level, with private access through the garage, includes a newly completed (2026) 1-bedroom suite with a full kitchen and bathroom, ideal for rental income or extended family. Additional updates include: roof (2019), furnace (2019), and air conditioning (2019). 823 Essa Road delivers the perfect blend of immediate functionality and future opportunity in a high-growth location. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Holly
Common interest
Freehold
Lot dimensions
75 x 200 FT
Bedrooms
3 above grade, 1 below grade
Parking
7 total
Stories
1
Fireplace
1
On market
Apr 22, 2026
Status changed
Apr 26, 2026
Annual tax
$5,463.49
Photos
36
MLS#
S13028826
Area
BARRIE_(HOLLY)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFullSeparate entranceN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Lot

In-Law Suite

Community

School Bus
Negative cash flow ~$939/mo at these assumptions

Cash on cash

-6.63%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,239

Financing

Down payment$169,980
Loan amount$679,920
Mortgage$3,445/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$390
Insurance$80
Maintenance$708
CapEx reserve$354
Vacancy loss$213

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 $3,445/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 26, 2026.

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