Investment Property in Barrie

Investment Real Estate in Barrie

Barrie property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Barrie .

Get Our Latest List of Investment Property in Barrie

Search Map of Barrie Investment Real Estate

Barrie is a city and manifesting regional centre in Central Ontario, Canada, located on the shores of Kempenfelt Bay, the western arm of Lake Simcoe. The city is located geographically within Simcoe County, however it is a politically independent single-tier municipality. It is within the historically significant Huronia region of Central Ontario, and is part of the Greater Golden Horseshoe, a densely populated and industrialised sub-region of Ontario. As of the 2016 census, the city’s population was 141,434 making it the 34th largest in Canada in terms of population proper. The Barrie census metropolitan area (CMA) as of the same census had a population of 197,059 residents, making it the 21st largest CMA in Canada. The city itself has seen significant growth in recent decades due to its emergence as a bedroom community for Toronto. The affordability of housing and robust job market perhaps contribute to a Toronto buyer’s appeasement with Barrie. GO Transit offers daily service to and from the Greater Toronto Area from two stations in the city. Barrie is located 85 kilometres (53 mi) north of Toronto, 355 kilometres (221 mi) northeast of Detroit and 335 kilometres (208 mi) west of Ottawa. This represents the city’s highly centralised and historically advantageous situation, providing an ease of access to major centres and airports across the region.

The Barrie area was first settled during the War of 1812 as a key supply depot for British forces. It would be named 20 years later after Sir Robert Barrie, who frequently commanded forces through the region. The 1980s and 1990s would be a period of immense growth for Barrie, with the population tripling in the span of twenty-five years. In 1981, the city had a population of 38,423; in 2006, Barrie had 128,430 residents living within city limits. Barrie’s ongoing success would be punctuated by high-rise condominium development along Kempenfelt Bay, instigating a sort of downtown renaissance. Great investment by the city into their beachfront amenities would culminate in Barrie becoming a prime tourist destination. With several ski resorts in the vicinity and a picturesque waterfront, Barrie is known not just for its tourism, but also as the ‘Gateway to Cottage Country’. The city’s economy is diverse, with education, healthcare, information technology and manufacturing all prevalent sectors. The Royal Victoria Regional Health Centre is Barrie’s largest employer, with nearly 3,000 workers. Retail in the city has flourished too in recent decades, bolstered by the completion of Park Place in 2008. Barrie experiences cold, snowy winters with an average January minimum temperature of −12.4 °C (9.7 °F). Summers are hot and humid, with an average July maximum temperature of 26.3 °C (79.3 °F).

Get Our Latest List of Investment Property in Barrie

The financial stability of Barrie has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Barrie

Renting out your Barrie buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Barrie are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Barrie and be prepared to change your initial outlook.
Thoroughly research the Barrie location with a special emphasis on fringe areas outside the main Barrie metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Barrie.
Ensure that your target investment property in Barrie appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Barrie properties yourself is an easy option, but are these savings justifiable when you run into Barrie red tape? Physis Realty Barrie office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Barrie buy-to-rent sector.

With our expert guidance, investing in Barrie provides the secure knowledge that your money is working harder than it would in a local Barrie bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Barrie, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Barrie property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Barrie

Flipping property in Barrie

Flipping property is when we advise clients to buy a Barrie property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Barrie market has a time to react to the renovation.

The Flipping Strategy in Barrie

Investment property flipping in Barrie is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Barrie real estate investments are sometimes referred to by professionals as ‘distressed’ Barrie real estate.

What is distressed Barrie property:

Barrie property in need of renovation
Barrie real estate with a change of purpose and use
Oversold Barrie property
Bank repossessions in Barrie

Put simply, long term investors in Barrie purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Barrie investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Barrie property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Barrie use a minimum profit value of 22% when looking at potential Barrie projects. The reason for this is because there are lots that can go wrong in Barrie property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Barrie

For luxury property investors hoping to add a superb property in Barrie to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

Click Here for the Physis Realty Facebook Page

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Barrie, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Barrie should be entrusted to only the highest-quality agency.

Featured