For Lease · Multifamily

355 LEACOCK DRIVE, Barrie (Letitia Heights)

355 LEACOCK DRIVE, Barrie (Letitia Heights), ON L4N5S6

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

94%

About this property

Welcome to this bright, clean, and spacious three-bedroom main floor unit in a charming bungalow! Featuring a beautiful open-concept kitchen with stainless steel appliances, a gas cooktop stove, centre island, and built-in washer and dryer, this home offers both comfort and convenience. The separate dining room features elegant pocket doors, making it ideal for optional use as a home office or additional living space. All three bedrooms are generously sized, with one offering patio doors leading to a large, private deck-perfect for relaxing or entertaining. Enjoy two parking spaces, including a garage and driveway parking. The backyard is divided to provide separate outdoor spaces for the main floor and lower-level tenants, ensuring private use for each unit. Rent includes heat, hydro, water, and air conditioning! Conveniently located on a bus route, this home offers easy access to public transportation and everyday amenities. Don't miss this fantastic leasing opportunity! Available December 1, 2026. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

42,794

Households

17,258

Median income

$112,500

Median age

36.7

Daytime population

55,783

5-yr growth

1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 355 LEACOCK DRIVE, Barrie (Letitia Heights).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.