242 Penetanguishene RD #10, Barrie, ON L4M 7C2
242 Penetanguishene RD #10, Barrie, ON L4M 7C2
242 Penetanguishene RD #10, Barrie, ON L4M 7C2
242 Penetanguishene RD #10, Barrie, ON L4M 7C2
242 Penetanguishene RD #10, Barrie, ON L4M 7C2
242 Penetanguishene RD #10, Barrie, ON L4M 7C2
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 449,999
Est. payment | /mo

4 Beds

4 Baths

Save
$ 449,999
Est. payment | /mo
Save

4 Beds

4 Baths

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

Province 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.

Nearby Locations

Mike Taylor

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

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242 Penetanguishene RD #10