56 Lakeside Terrace, Unit 10, Barrie, ON

$425,000
MLS#:S11898189
1 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
56 Lakeside Terrace 710, Barrie, ON L4M 0L4
⚠️

Property no longer active

This property was sold on February 3, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Little Lake. Expertly crafted featuring premium stone and brick construction, this residence presents an exceptional opportunity offered at $425,000 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Hello Stylish, Bright, And Spacious! If You're A First Time Home Buyer Looking For An Affordable First Place, Don't Scroll Past This Beauty On Little Lake! Brand New And Never Lived In, This South-Facing Corner Unit Offers A Spectacular Value To First Time Buyers And Investors Alike! With Large Windows All Around, An XL Balcony, And One Of The Most Spacious 1 Bedroom Floor Plans In The Building, You'll Feel Perfectly At Home In This High Quality Condo! With Great Amenities Like A Rooftop Terrace, Party Room, Games Room, And Solid Gym -- Along With A Young Demographic In The Building -- LakeVu 2 Offers An Unparalleled Lifestyle In Barrie! Located Just Off Hwy 400 And Minutes To All The Shopping And Restaurants You Need, Life At LakeVu Is As Practical As It Is Picturesque! With Interest Rates Falling And An Unbeatable Price Tag Under $700 PSF Do The Math And See The Tremendous Value That Awaits You! There Is No Better Deal For Brand New, High Quality Product Like This One!! Available Immediately, With Offers Anytime (No Gimmicks). One Parking Spot Included. Come Take A Look Today!

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Property Summary

This condo apartment located at 56 Lakeside Terrace, Barrie is currently for sale and has been available on SousaSells for 594 days. This property is listed at $425,000 with an estimated mortgage of $1,415* per month. It has 1 bed, 1 bathroom, and is 600-699 square feet. 56 Lakeside Terrace, Barrie is in the Little Lake neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Little Lake, Barrie.

Great for Small Household / Couples
What We Love About This Home
  • 1 spacious bedroom layout offering versatile living space
  • 1 well-appointed bathroom
  • 600-699 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Barrie.

Target Buyer Match

Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateFebruary 3, 2025
Sold price information is available to members only
Listed Date12/20/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionStone, Brick
BasementNone
CountySimcoe
Annual Tax$2,886.84

Parking & Garage

Parking Total1.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Clear View
  • Hospital
  • Lake/Pond
  • Park
  • Public Transit
  • School

Interior Features

  • Carpet Free

Security Features

  • Concierge/Security
  • Security System
  • Smoke Detector
  • Carbon Monoxide Detectors

Community Features

None listed

Frequently Asked Questions about 56 Lakeside Terrace, Unit 10, Barrie, ON

Q.What is the asking price for 56 Lakeside Terrace, Unit 10, Barrie, ON ?

The current listing price for 56 Lakeside Terrace, Unit 10, Barrie, ON in Little Lake, Barrie is $425,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 1 bedroom and 1 bathroom across approximately 600-699 sqft.

Q.What property type and architectural style is 56 Lakeside Terrace, Unit 10, Barrie, ON ?

56 Lakeside Terrace, Unit 10, Barrie, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What key property features does 56 Lakeside Terrace, Unit 10, Barrie, ON offer?

Key property features include: Clear View, Hospital, Lake/Pond, Park, Public Transit, School.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free.

Q.What security features are installed at 56 Lakeside Terrace, Unit 10, Barrie, ON ?

Security features include: Concierge/Security, Security System, Smoke Detector, Carbon Monoxide Detectors.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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56 Lakeside Terrace, Unit 10, Barrie, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 56 Lakeside Terrace 710, Barrie, ON L4M 0L4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Barrie.

Configure Loan Settings

Interest Rate4.00%
Down Payment$127,500 (30.0%)
* Minimum Canadian down payment required for this price is $21,250.
Amortization Period30 Years
Estimated Monthly Payment$1,415Based on a loan of $297,500 over 30 years.
Purchase Price$425,000
Loan Amount$297,500
Provincial Land Transfer Tax:$4,975
Total Estimated Closing Taxes:$4,975

About Purchasing a Home in Barrie, ON

For a property listed at $425,000 in Barrie, the legal minimum down payment is $21,250 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 $4,975 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 $4,975.

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Little Lake, Barrie Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Little Lake, Barrie.

Verified Local Data
City Population212,856
City Median Age40 Yrs
City Ownership73% Owners
Avg Area List Price$565,528

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
28%
Other households
1%

Top Ethnic Origins

English26%
Scottish21%
Irish21%
Canadian17%

Best Schools in Little Lake, Barrie

Elementary Schools

Frère-André
Public273, Barrie, Ontario, L4M 6L1
4.3
Monsignor Clair
Public345, Barrie, Ontario, L4M 7B5
5.4
Maple Grove
Public242, Barrie, Ontario, L4M 2P9
5.9
Steele Street
Public36, Barrie, Ontario, L4M 2E7
4.0
Cundles Heights
Public60 Cundles Road East, Barrie, Ontario, L4M 2Z7
4.1

Secondary Schools

St. Joseph’s
Catholic243 Cundles Road East, Barrie, Ontario, L4M 6L1
5.5
Eastview
Public421 Grove Street East, Barrie, Ontario, L4M 5S1
7.0
Barrie North
Public110 Grove Street East, Barrie, Ontario, L4M 2P3
7.0

Little Lake, Barrie Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied73%
Rented27%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.