242 Penetanguishene Road 10, Barrie - $449,999 | Modern Solution

242 Penetanguishene Road 10, Barrie

242 Penetanguishene Road 10, Barrie

242 Penetanguishene Road 10 in Barrie - 4 bedroom, 4 bathroom. Listed at $449,999.

**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.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 1500 sqft
  • Basement: None
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 1 space
  • Property Taxes: $3,566.04/yr
  • Neighbourhood: Georgian Drive
  • Postal Code: L4M 7C2

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