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$489K · 2 bed Common Element Condo · Little Lake, Barrie | MyPropertyScout

$489,000

Unit 501

79 DOM

2279d

Map

⚡ Insider Deal

DOM 79

↓ $30KPrice Reduced

$489,000

↓ $30K

DOM79days

Unit 501

LakeVU Condos · 58 Lakeside Terrace · Barrie · Ontario L4M 0L5

MLS® S13013276 · Little Lake · L4M 0L5

22OwnerOccupied800-899 ft²Common Element Condo1-car UndergroundNo basement79d$576/ft²$3,536 tax/yrNo basement

79 days on market

About this home

Life is better at the lake. Experience the perfect blend of city convenience and water front living at Lake Vu Condos. This spacious 813 sq. ft. suite features a desirable split 2-bedroom,2-bathroom layout with southwest-facing views and a stunning oversized balcony over looking Little Lake. Includes one underground parking space. Enjoy premium amenities including a rooftop terrace and a party room with a pool table. Ideally located close to shopping, restaurants, the hospital, Hwy 400, and Geor…

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Property details

MLS#: S13013276
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 3
Kitchens: 1
Size: 800-899Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Common Element Condo
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 4 pc · Main; 3 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Cul de Sac/Dead End, Greenbelt/Conservation, Hospital, Public Transit, Terraced

Building name: LakeVU Condos
Condo corp #: 487
Balcony: Open
Locker: None
Association amenities: Bike Storage, Community BBQ, Concierge, Elevator, Exercise Room, Game Room
Fees include: CAC Included, Common Elements Included, Building Insurance 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 · Controlled Entry
Fronting on: —
Cross street: Duckworth and Cundles Rd
Stories: —
Utilities: —
Laundry: Ensuite
Interior: Built-In Oven, Carpet Free, Countertop Range, Guest Accommodations, Intercom
Parking features: —

Rooms

Level	Room	Dimensions
Main	Living Room	3.14m × 4.29m
Main	Kitchen	3.99m × 3.87m
Main	Bedroom	3.01m × 3.54m
Main	Bedroom 2	2.98m × 3.53m
Main	Bathroom	—
Main	Bathroom	—

Seller signals

Price movement & seller pressure

↓ $30KPrice reduction

MLS shows the seller reduced the asking price by $29,900 (from $518,900 to $489,000).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: HOMELIFE/MIRACLE REALTY LTD

Source: TRREB/PROPTX · MLS® S13013276

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$489K

Unit 501 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $489,000✓ $3,536 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,650/mo

incl. closing costs (yr 1)

Annual total

$55,801

year 1

Mortgage only

$1,855/mo

principal + interest

Beyond mortgage

$1,815/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$97,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$295/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 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%$4,890/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)$57/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,255

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $22,261/yr

Property taxes18% $9,791/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,890/yr

Condo fees15% $8,198/yr

Closing costs9% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,261	$1,855/mo
Government & taxes
Property tax	$3,536	$295/mo
Land transfer tax(closing)	$6,255	$521/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%)	$4,890	$408/mo
Condo fees
Condo / HOA fees	$8,198	$683/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	$55,801	$4,650/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 501

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

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Annual costs