10 - 242 Penetanguishene Road Barrie, Ontario L4M 7C2
$449,999Maintenance, Common Area Maintenance, Insurance, Parking
$428.76 Monthly
Maintenance, Common Area Maintenance, Insurance, Parking
$428.76 Monthly**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. (id:63616)
Property Details
| MLS® Number | S13857138 |
| Property Type | Single Family |
| Community Name | Georgian Drive |
| Community Features | Pets Allowed With Restrictions |
| Equipment Type | Water Heater |
| Parking Space Total | 1 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Water Heater |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,400 - 1,599 Ft2 |
| Type | Row / Townhouse |
Parking
| No Garage |
Land
| Acreage | No |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.35 m | 2.43 m | 3.35 m x 2.43 m |
| Second Level | Bedroom | 3.35 m | 2.43 m | 3.35 m x 2.43 m |
| Main Level | Living Room | 4.87 m | 3.66 m | 4.87 m x 3.66 m |
| Main Level | Kitchen | 4.87 m | 2.44 m | 4.87 m x 2.44 m |
| Main Level | Bedroom | 3.35 m | 2.59 m | 3.35 m x 2.59 m |
| Main Level | Bedroom | 3.96 m | 2.43 m | 3.96 m x 2.43 m |
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October 03 2026 04:05:54
Toronto Regional Real Estate Board
RE/MAX Hallmark Realty Ltd.