Why Invest in Barrie?

Barrie is a city located in central Ontario, Canada, close to Toronto as well as Muskoka and offer access by highway as well as GO train. The city offers a high quality of life, a reasonable cost of living, and a thriving economy. Its waterfront location offers scenic views and plenty of outdoor recreational opportunities. The city’s population is rapidly growing each year (current population is 153,356), and this has led to a strong demand for rental properties.

About the tenant-buyers:

Christopher and Niketha are a financially responsible couple who have worked hard to secure their future. With $30,000 already saved for a down payment and a solid combined income, they are ready to transition from renting to owning and start building equity in a home of their own. The couple found a freehold townhouse in Barrie, Ontario for $540,000.

Despite their good income and savings, they cannot qualify for a mortgage today because of Niketha’s consumer proposal. Niketha took on debt to provide the best care for her ill grandmother, staying by her side during difficult times. Now, through a consumer proposal, she’s actively clearing that debt and is focused on financial recovery.

Family is central to their lives. Christopher, who went through a divorce, has two children from his previous marriage who visit every two weeks. This townhouse offers the stability and space they need to create a welcoming and comfortable environment for his children. Now, in his second marriage, Christopher and Niketha are excited to welcome their first child together, expected around Christmas, making fall the perfect time for them to set down roots and start their 48-month journey to mortgage-readiness.

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Income

Together, Christopher and Niketha have a combined annual income of $164,408, providing a solid financial footing. Christopher earns $70,000 as a Service Manager at PFAFF automotive dealerships, a role he’s held since 2023. Niketha, a Patient Flow Coordinator at Michael Garron Hospital (MGH), earns $94,408 annually, and while she’ll soon be on maternity leave, she will still receive 80% of her salary. Even with the slight dip in income during her leave, they remain well within budget and can comfortably afford a home priced up to $600,000. However, they are being conservative and chose a townhouse priced at $540,000, a decision that demonstrates smart money management.

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Credit

Christopher’s credit score is a decent at 619, making him well-positioned to improve it further. Niketha’s consumer proposal is the main obstacle to a traditional mortgage today, but she is actively working with a Clover Properties-approved Credit Counsellor to expedite her debt repayment and repair her credit. With our guidance and their dedication, Christopher and Niketha will be ready for a mortgage in 2028, ensuring a smooth transition to ownership.

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Property

Niketha and Christopher have found their perfect home in a family-friendly Barrie neighborhood, just minutes from HWY 400. This modern, renovated 4+1 bedroom, 3-bath freehold townhouse is everything they’ve been looking for. With 9ft ceilings, a great room, a remodeled galley kitchen, an oversized family room, and a finished basement with an extra bed and bath, the home provides plenty of space for their family. The backyard is perfect for the kids, offering tons of potential for family time and great memories.

With convenient access to Toronto and proximity to parks, schools, shopping, restaurants, and Lake Simcoe, it has everything they need. Plus, the short drive to the GO Train will greatly improve the daily commute compared to their current rental.

More importantly, Christopher’s two children visit every two weeks, and this home offers them a welcoming and comfortable place to live during their time together and is the perfect choice to set down roots. Being vacant, this home also offers the possibility of moving in sooner and settling in.

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Next Steps

This is your chance for a WIN-WIN — secure $997 a month in steady cash flow with a lower priced mortgage of $432,000 in a great area. You win by achieving your financial goals while helping a motivated couple make a fresh start and own their first home. It’s a no-brainer.

Hit the green button now and lock in this opportunity.

Deal Summary:

Term: 4 years

Purchase Price:  $540,000

Estimated Investment Required: $102,500

Estimate ROI: 29% (based on 5.44% and a 4-year deal)

Estimate Returns: $120,182

TB Down Payment: $30,000

Numbers Summary:

Monthly Payment: $4,090

Condo Fee: $0 (no condo fee as it is a freehold town house)

Monthly Cash Flow: $997

Future Purchase Price: $654,487 (after four-years)