Homes for sale - 57 Penetang ST, Barrie, ON L4M 1V5

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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

$ 699,900

Est. payment | -/mo

4 Beds

2 Baths

Save

$ 699,900

Est. payment | -/mo

Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Codrington

MLS Listing ID S12483845

Style 2-Storey

Bedrooms 4

Annual Tax Amount $5,157

Tax Year 2024

Property Sub-Type Duplex

Property Description

Versatile RM2-zoned duplex offering both immediate income and long-term growth potential. Located at 57 Penetang, this property presents a rare opportunity for investors, multi-generational families, or those looking to live in one unit and rent the other.The large, deep yard invites you to explore the possibilities of adding a garden suite under Bill 23, offering another layer of future value and flexibility.The main unit features a spacious and bright two-bedroom layout filled with natural light. A main floor living room could easily serve as a third bedroom, and high ceilings blend the character of a century home with modern conveniences such as in-unit laundry. The result is a comfortable and attractive space for tenants or an owner-occupier.The second unit offers two well-sized bedrooms, a large living room, and an eat-in kitchen with charming finishes throughout. This unit also includes in-unit laundry and the added benefit of basement access, providing additional storage or hobby space that enhances overall appeal.Both units are fully self-contained, ensuring privacy and functionality for occupants. With RM2 zoning in place, there is strong potential for future redevelopment or intensification, whether that involves adding residential units, creating a garden suite, or pursuing other higher-density uses permitted under current zoning.This property's central location provides convenient access to amenities, schools, parks, and public transportation, making it desirable for tenants and supporting consistent rental demand.57 Penetang is a rare combination of immediate cash flow, future development potential, and a flexible layout that accommodates a range of living arrangements. Whether you are an investor seeking a solid addition to your portfolio or a buyer looking for a home with income to offset expenses, this property delivers exceptional value today and promising upside for the future.

Location

Province ON

County Simcoe

Community Codrington

Area Simcoe

Rooms

Family Room No

Basement Partial Basement

Kitchen 2

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Landscaped, Porch

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 52.0

Lot Depth 184.0

Total Parking Spaces 4

Building

Building Age 100+

Unit Features Level,Library,School

Foundation Stone

Others

ParcelsYN No

Listed by CENTURY 21 B.J. ROTH REALTY LTD.

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

57 Penetang ST Barrie, ON L4M 1V5