New Listing
242 Penetanguishene Road 10,Barrie, ON L4M 7C2
Barrie, ON L4M 7C2
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.
Details
| MLS # | S13857138 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $428 |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 3 |
| Listing Provided By | RE/MAX HALLMARK REALTY LTD. | S13857138 259003 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| Story(s) | 2 |
Interior
| Interior Features | Primary Bedroom - Main Floor, Water Heater |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Laundry Features | Ensuite |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Reserved/Assigned |
Taxes
| Tax Annual Amount | 3566.04 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Simcoe |
| City | Barrie |
| Postal Code | L4M 7C2 |
| Area | Georgian Drive |
| Listing VS Median (in L4M 7C2) | |
Price: $449,999 low | high Med: $0 On site: 3 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe |
| City | Barrie |
| Postal Code | L4M 7C2 |
| Area | Georgian Drive |
| Listing VS Median (in L4M 7C2) | |
Price: $449,999 low | high Med: $0 On site: 3 low | high Med: | |
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