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Split Level for sale sold Barrie, Final amount : $217,000

#52132 | 262 Grove Street East

Owner's comments

Beautiful 5 bedroom Sidesplit Home in the coveted East end of Barrie. Great location, within walking distance to College, Hospital, and Public Schools. Bright, spacious living/dining area. Large eat-in kitchen with 3 bedrooms upstairs. Fully finished basement downstairs with 2 Bedrooms, full bathroom and kitchenette which is ceramic tile. Separate entrance to the downstairs for potential apartment. House has just been freshly painted. Refinished hardwood upstairs and new flooring on the main level. Huge backyard with deck and storage shed. Laundry room and large crawl space for storage. Appliances included: 2 fridges, stove, washer and dryer. House is located on Grove St East between Duckworth and St. Vincent. 1 Minute drive to Highway 400 access. Asking price: $229 000 Call Bob to book a private viewing: 705 735 2229 or (cell) 705 321 7085 Will close at buyers convenience.

262 Grove Street East, $229,000
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  • Property Style : Detached
  • Asking Price : $229,000
  • Price Detail : Negotiable
  • Living space area (basement excl) : 1,150 ft² (106.84 m²)
  • Bedrooms (total) : 5
  • Lot dimensions : 60x125 ft (18.29x38.1 m)
  • Year of construction : 1972
  • Bathrooms (total) : 2

Other details :

  • External facing :
    • Brick
  • Floor coverings :
    • Laminate
    • Hardwood
  • Heating source :
    • Forced air
    • Natural gas
  • Kitchen :
    • Stove
    • Fridge
    • Double sink
  • Equipment/Services Included :
    • Laundry room
    • Stove
    • Furnace
    • Washer
    • Ceiling fixtures
    • Fridge
    • Dryer
  • Basement :
    • Totally finished
    • Separate entrance
    • Potential income
  • Bathroom :
    • Bath and shower
  • Renovations and upgrades :
    • Floors
    • Painting
  • Parking / Driveway :
    • Asphalt
  • Location :
    • Highway access
    • Near park
    • Residential area
    • Public transportation
  • Lot's description :
    • Mature trees
  • Near Commerce :
    • Supermarket
    • Drugstore
    • Restaurant
    • Shopping Center
    • Bar
  • Near Health Services :
    • Hospital
    • Dentist
    • Medical center
  • Near Educational Services :
    • Kindergarten
    • Elementary school
    • High School
    • College
    • University
  • Near Recreational Services :
    • Gym
    • Library

Room's dimensions

Room Storey Dimensions Flooring
Bathroom 1st floor 4.5x9 ft (1.37x2.74 m)
Bathroom Basement 5x6 ft (1.52x1.83 m)
Bedroom 1st floor 10x13 ft (3.05x3.96 m)
Bedroom 2 1st floor 10x13 ft (3.05x3.96 m)
Bedroom 3 1st floor 10x13 ft (3.05x3.96 m)
Bedroom 4 Basement 10x13 ft (3.05x3.96 m)
Bedroom 5 Basement 11x13 ft (3.35x3.96 m)
Dining room Main floor 9x10 ft (2.74x3.05 m)
Entrance Main floor 5x11 ft (1.52x3.35 m)
Kitchen Main floor 9x15 ft (2.74x4.57 m)
Kitchenette Basement 8x12 ft (2.44x3.66 m)
Living room Main floor 11x16 ft (3.35x4.88 m)
Storage Basement 24x20 ft (7.32x6.10 m)

Mortgage payments

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Testimonial of the owner

I would recommend this service to anyone that is trying to sell their home. We received excellent suggestions and service from our representative John Babic, who not only provided us with ample signs and support, but also the opportunity to place our home in a local paper at a reasonable price. The greatest thing about this process is that the seller not only saves money, but also the buyer. We had numerous, and I mean numerous realtors approach us and offer to sell our house for between 220 000$ to 240 000$. One thing you must realize is that many realtors will quote you an unreasonably high sale price as a means of "buying" your listing, only to have your house sit on the market while others sell. Others will give a more realistic quote knowing that the house will sell faster, in our case $229 000 was about the right ballpark. This being said, a realtor would have to sell the house at the asking price in order to amount to our actual sale price of 217 000$. Being that most agents realistically said that the house would sell for between 225 000$-220 000$, we then realized a profit of between 4000-9000$ from if we had used a realtor. Being that most realtors charge a 5% comission, that means they simply inflate the price by 5% of actual market value, so in selling the home yourself the buyer is paying actual market value and not an inflated price. I would also like to clear up common misconceptions that a realtor will try to use as a means of attaining your listing: 1) Your home will not get the exposure needed through Bytheowner.com. With the internet, most, if not all buyers find the homes they are looking for through web searches and newspapers. The realtor realistically only accompanies buyers to homes that they find through these resources. 2) Going through the offer process is difficult. Nothing can be further from the truth!! It is actually easier then through a realtor, instead of sending offers back and forth, going through the annoyance of offers and counter offers, all you do is verbally negotiate, then once terms are agreed to, the buyer fills out an offer sheet with the agreed upon terms and you both visit your lawyers to concrete the offer. No matter what, both seller and buyer will need to take the offers to a lawyer, so realistically all the realtors do is slow up the process by filling out numerous offer sheets, going back and forth. 3) It is inconvienient setting up house showings. Absolutely not!! This is the most convienent part of the process, you make the decisions when someone can see your house and you are the ones showing it. Who knows the upside of your home better then you? Overall, this is a great process and much more rewarding in the end. Knowing you saved 5, 10 or 20 thousand dollars is a great feeling. All it takes is some patience, diligence and thick skin when dealing with realtors. Once people become more comfortable with this process realtors will thankfully become a thing of the past!!

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Annual and Monthly costs

Expenses summary Monthly Annual
Mortgage
Property taxes $203.29 $2,439.50
Electricity $91.67 $1,100
Insurance $60 $720
Heating $100 $1,200
Total known costs $454.96 $5,459.50

Steps to buy this property

So you decided you like this property and would like to make an offer.

Here are the steps.

  1. 1. Investigate Mortgage Options

    As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.

  2. 2. Get a Lawyer

    It's important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and it doesn't hurt to have a lawyer look over any offer to purchase before you submit it. A real estate lawyer will also conduct a title search and check for outstanding taxes and liens on the property.

  3. 3. Make the Offer

    You can contact your lawyer for help with filling out the offer document, which can be downloaded from the comfree website or provided to you by the seller. You then present the written offer to the seller. This document includes the price, conditions, deposit and closing date. The seller either accepts, rejects or counters the offer (also called "signing back" the offer).

  4. 4. Home Inspection or New Home Warranty

    Hiring an inspector is voluntary, but it's a smart idea for resale homes. You can choose to make your offer to purchase the home conditional on the outcome of your inspection. If your inspection reveals major problems, you can negotiate those repairs with the seller before your deal closes, or legally withdraw your offer.

    What is a New Home Warranty?

    New Home Warranties are typically used when you buy a brand new home. The builder provides a New Home Warranty to cover things like deposits and completion dates, along with labour and materials for at least one year after the home was built. It also protects you against structural problems for a minimum of five years.

  5. 5. Finalizing the Deal

    Finalizing the deal will include the final approval of your mortgage, a meeting with your lawyer to finalize details like insurance and conditions, and the results of a title search.

  6. 6. Moving Preparations

    There's a lot to do before you move. Line up utilities and other services like phone, cable and internet. If you rent, you must give your landlord notice. Also, forward your mail to your new address and hire a moving company. Preparing these things well in advance will help you make a smooth transition to your new home.

  7. 7. Closing Day

    This is the day you legally get possession of the house. Your lawyer completes the paperwork (so the home is in your name), payments are finalized and you receive the deed and the keys. Congratulations on your new home!

We're here to help

Matthew

Broker

ComFree is a team of more than 235 people committed to providing you with outstanding service so you can successfully sell your home.

The members of our team are not registered under the Real Estate legislation unless specifically mentioned.


Need more information? Please call a member of our customer service team:

1.866.336.9637


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