$449,999
 $2,416 est/mo Sourced by Back At You

10 - 242 Penetanguishene Road,Barrie (Georgian Drive), ON L4M7C2

Barrie (Georgian Drive), ON L4M7C2

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Description

**TURNKEY INVESTMENT OPPORTUNITY!** Welcome to 10-242 Penetanguishene Road. A unique and income producing townhouse offering an excellent opportunity for investors seeking strong rental income with tenants already in place. The property generates $3,300/month in gross rental income. This fully tenanted property offers immediate cash flow from day one. New washer and dryer were installed in 2023. At an asking price of $449,999, the property offers an approximate 9.9% gross rental yield with estimated known annual expenses of approximately $12,652 and an estimated NOI of approximately $26,948 before maintenance, vacancy and other potential operating expenses. Additional parking can be purchased from management for a monthly fee. Whether you're an experienced investor looking to add to your portfolio or searching for a property with multiple income streams, this is an opportunity worth exploring. (id:13843)

Details

MLS #S13857138
Listing TypeFor Sale
StyleCondominium
Strata Fees$428
StatusActive
Days On Site41
Listing Provided ByRE/MAX HALLMARK REALTY LTD. | DARYL KING

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet1,400
Story(s)2

Interior

CoolingCentral air conditioning
HeatingForced air, Natural gas
AppliancesWater Heater
Fireplace Yes / NoNo

Parking

Parking FeaturesNo Garage
Parking Total1

Taxes

Tax Annual Amount3566.04

Area Information

ProvinceON
CityBarrie (Georgian Drive)
Postal CodeL4M7C2
Listing VS Median (in L4M7C2)
Price:
$449,999
low | high
Med:
$425,000
55.555345678546% of Average
sqft:
1,400
low | high
Med:
1,200
64.285714285714% of Average
$ / sqft:
$321
low | high
Med:
$354
39.814569958304% of Average
On site:
41
low | high
Med:
55
74.545454545455% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Alex Winiarski

Alex Winiarski

Sutton Group - Quantum Realty Inc- Brokerage

Seniors Real Estate Specialist, REALTOR® (416) 455-9151alexwiniarski@sutton.com
ProvinceON
CityBarrie (Georgian Drive)
Postal CodeL4M7C2
Listing VS Median (in L4M7C2)
Price:
$449,999
low | high
Med:
$425,000
55.555345678546% of Average
sqft:
1,400
low | high
Med:
1,200
64.285714285714% of Average
$ / sqft:
$321
low | high
Med:
$354
39.814569958304% of Average
On site:
41
low | high
Med:
55
74.545454545455% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $337K - $562K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
13 - 246 PENETANGUISHENE ROAD Property Photo 1
$425,000
13 - 246 Penetanguishene Road
Barrie (georgian Drive), ON L4M7C2
14 - 250 PENETANGUISHENE ROAD Property Photo 1
$364,900
14 - 250 Penetanguishene Road
Barrie (georgian Drive), ON L4M7C6
7 - 250 PENETANGUISHENE ROAD Property Photo 1
$359,900
7 - 250 Penetanguishene Road
Barrie (georgian Drive), ON L4M7C6
Listing Updated: October 13, 2026 at 2:49:43 PM PDT

Alex Winiarski - Sutton