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$ 449,999
Est. payment /mo
New
242 Penetanguishene RD #10 Barrie, ON L4M 7C2
4 Beds
4 Baths
UPDATED:
Key Details
Property Type Townhouse
Sub Type Condo Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1400-1599
Subdivision Georgian Drive
MLS Listing ID S13857138
Style 2-Storey
Bedrooms 4
Maintenance Fees $428
Annual Tax Amount $3,566
Tax Year 2026
Property Sub-Type Condo Townhouse
Property 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.
Location
State ON
County Simcoe
Area Simcoe
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Primary Bedroom - Main Floor, Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Reserved/Assigned
Exposure South
Total Parking Spaces 1
Balcony None
Building
Story 1
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY LTD.
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