242 Penetanguishene Road 10, Barrie, ON L4M 7C2
Barrie, ON, L4M 7C2 · Georgian Drive
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.
Features & Amenities
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Exposure: South
Property Details
| Property Type | Residential Condo & Other |
|---|---|
| Property Sub-Type | Condo Townhouse |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Basement | None |
| Garage | None |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Annual Tax | $3,566 |
| Tax Year | 2026 |
| Association Fee | $429 / |
Interior Features
- Interior Features
- Primary Bedroom - Main Floor, Water Heater
- Laundry Features
- Ensuite
Exterior Features
- Balcony Type
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Basement
- None
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 1.00
- Parking Features
- Reserved/Assigned
- Covered Spaces
- 0
Community & Neighborhood
- Association Name
- SSCC
Financial & Tax
- Tax Annual Amount
- $3,566
- Tax Year
- 2026
- Association Fee
- $429
- Association Fee Includes
- Common Elements Included, Building Insurance Included, Parking Included
- Possession Type
- Flexible
- Possession Details
- TBD
Room Details
- Rooms Above Grade
- 9
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Exposure
- South
- County Or Parish
- Simcoe
- Cross Street
- Penetanguishene Rd & Grove St E
- Directions
- Penetanguishene Rd & Grove St E
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
242 Penetanguishene Road 10, Barrie, ON L4M 7C2, Barrie, ON, L4M 7C2