For sale · Georgian Drive, Barrie
10-242 Penetanguishene Road, Barrie
$449,999
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- Property type
- Condo Townhouse
- Bedrooms
- 4
- Bathrooms
- 4
- Parking
- 1
- Approx. size
- 1400–1599 sq ft
- Postal code
- L4M7C2
- MLS® number
- S13857138
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Narrated summary of this listing
About this property
**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:66289)
Schools & boundaries
Property details
- Neighbourhood
- Georgian Drive
- Storeys
- 2
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Annual taxes
- $3,566
- Condo fee
- $429 monthly
- Fee includes
- Common Area Maintenance, Insurance, Parking
- Parking type
- No Garage
- Cross streets
- Penetanguishene Rd & Grove St E
Features
Included appliances
- Water Heater
Interior & exterior
- Brick
Community
- Pets Allowed With Restrictions
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.87 × 3.66 m |
| Kitchen | Main level | 4.87 × 2.44 m |
| Bedroom | Main level | 3.35 × 2.59 m |
| Bedroom | Main level | 3.96 × 2.43 m |
| Bedroom | Second level | 3.35 × 2.43 m |
| Bedroom | Second level | 3.35 × 2.43 m |
Listing courtesy of RE/MAX HALLMARK REALTY LTD.. The listing data displayed on this site is provided under copyright by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®). Information is deemed reliable but is not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.