5 Austen Lane, Barrie, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Letitia Heights. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $599,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 60 x 110 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
First Time Offered - Original Owners! Welcome to this well-maintained 3-bedroom home, proudly owned by the same family since day one. Situated on a desirable lot with TWO SEPARATE DRIVEWAYS, this property offers excellent flexibility for parking and multi-generational living.The main level features a functional layout with laminate flooring in the kitchen and hallway and comfortable carpeting throughout the living areas and bedrooms. A bright sunroom addition extends your living space and provides the perfect spot to relax, with easy access to the deck (updated 4 years ago) The main 4-piece bathroom was tastefully updated approximately 3 years ago, adding modern comfort to the home.Downstairs, you'll find a separate entrance to the basement, offering great in-law or income potential. The lower level includes a 3-piece bathroom (2018-2019), new flooring (2025), a refreshed laundry room and basement floor (2025), and direct access from the 1.5-car garage.Additional updates include:Roof (approx. 10 years)Windows (approx. 20 years; lower-level windows updated 6 years ago)Increased insulation (R20, 2023) and ductwork improvements and front exterior stairs (2025). The backyard is complete with a shed and gazebo, offering extra storage and a great outdoor retreat.
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Pricing & Value Insights
Data-driven valuation for 5 Austen Lane, Barrie, ON L4N 4V5
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About Purchasing a Home in Barrie, ON
For a property listed at $599,900 in Barrie, the legal minimum down payment is $34,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,473 for this transaction. As this listing is in Barrie (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.