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$375K · 1+1 bed Condo Apartment · Little Lake, Barrie | MyPropertyScout

$374,900

Unit 704

1+11TenantOccupied

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$374,900

A●●○○○

Unit 704

56 Lakeside Terrace · Barrie · Ontario L4M 7B9

MLS® S12977218 · Little Lake · L4M 7B9

1+11TenantOccupied500-599 ft²Condo Apartment1-car Underground$682/ft²$3,262 tax/yrNew build

14% below market · regional est.

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Welcome to LakeVu Condos in Barrie's sought-after Little Lake community, where lifestyle meets scenic surroundings. This beautiful suite offers bright, airy living with glimpses of the lake from your private balcony, perfect for enjoying your morning coffee or unwinding at sunset.Thoughtfully designed with a modern open-concept layout, this unit blends comfort and style seamlessly, making it ideal for both everyday living and entertaining. Large windows fill the space with natural light, creatin…

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Property details

MLS#: S12977218
Status: Buy Now
Beds: 1+1
Baths: 1 full, 0 half
Size: 500-599
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Clear View

View: City, Water, Lake

Condo corp #: 515
Balcony: Open
Locker: None
Association amenities: Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking
Fees include: Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Lakeside / Cundles
Basement: None
Stories: 7
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Rooms

Level	Room	Dimensions
Flat	Living Room	3.13m × 2.83m
Flat	Dining Room	3.04m × 4.75m
Flat	Kitchen	3.04m × 4.75m
Flat	Primary Bedroom	2.8m × 2.86m
Flat	Den	1.98m × 2.04m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: WEST-100 METRO VIEW REALTY LTD.

Source: TRREB/PROPTX · MLS® S12977218

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$375K

Unit 704 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $374,900✓ $3,262 tax✓ Gas✓ 500-599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,701/mo

incl. closing costs (yr 1)

Annual total

$44,411

year 1

Mortgage only

$1,422/mo

principal + interest

Beyond mortgage

$1,479/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$74,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$272/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~550 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,749/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$39/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,099

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)38% $17,067/yr

Property taxes17% $7,361/yr

Utilities9% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance8% $3,749/yr

Condo fees13% $5,574/yr

Closing costs11% $5,100/yr

Mortgage is 38% of your true cost of ownership. The other 62% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$17,067	$1,422/mo
Government & taxes
Property tax	$3,262	$272/mo
Land transfer tax(closing)	$4,099	$342/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,749	$312/mo
Condo fees
Condo / HOA fees	$5,574	$464/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$44,411	$3,701/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 704

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs