$449,999
Available - For Sale
Listing ID: S13857138
242 Penetanguishene Road , Barrie, L4M 7C2, Simcoe
| **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. |
| Price | $449,999 |
| Taxes: | $3566.04 |
| Occupancy: | Tenant |
| Address: | 242 Penetanguishene Road , Barrie, L4M 7C2, Simcoe |
| Postal Code: | L4M 7C2 |
| Province/State: | Simcoe |
| Directions/Cross Streets: | Penetanguishene Rd & Grove St E |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 15.97 | 12 | |
| Room 2 | Main | Kitchen | 15.97 | 8 | |
| Room 3 | Main | Bedroom | 10.99 | 8.5 | 3 Pc Ensuite |
| Room 4 | Main | Bedroom | 12.99 | 7.97 | 3 Pc Ensuite |
| Room 5 | Second | Bedroom | 10.99 | 7.97 | 3 Pc Ensuite |
| Room 6 | Second | Bedroom | 10.99 | 7.97 | 3 Pc Ensuite |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Main |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Washrooms: | 4 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY LTD. |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Condo Townhouse |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | Georgian Drive |
| Style: | 2-Storey |
| Tax: | $3,566.04 |
| Maintenance Fee: | $428.76 |
| Beds: | 4 |
| Baths: | 4 |
| Fireplace: | N |
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