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$449,999
Ontario,Barrie (Georgian Drive)
For Sale Active
10 - 242 PENETANGUISHENE ROAD, Barrie (Georgian Drive), Ontario L4M7C2
  • 4
  • 4
  • 1400 - 1599Square Feet
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: S13857138
  • Price: $449,999
  • Bedrooms: 4
  • Bathrooms: 4
  • Square Footage: 1400 - 1599 Sqft
  • Status: Active
  • Office Name: RE/MAX HALLMARK REALTY LTD.
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 213846
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: None
  • Parking: No Garage
  • Exterior Features: Brick
Address Map
  • Location: CA, Ontario, Barrie (Georgian Drive), L4M7C2
  • Street: Penetanguishene
  • Street Number: 242
  • Street Suffix: Road
  • Longitude: W80° 21' 5.5''
  • Latitude: N44° 24' 29.1''
Additional Information
  • Community Features:
  • Stories: 2.0
Financial
  • Association Fee: 428.76
  • Association Fee Frequency: Monthly
  • Association Fee Includes:
  • Tax Annual Amount: 3566.04
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Listing updated: 2026-10-02 20:38:45
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Listing Information
  • List Agent Key: 1410085
  • List Office Key: 213846
  • Modification Timestamp: 2026-10-02T22:05:32Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-10-02T21:57:33Z
Powered by REALTOR.ca
Listing updated: 2026-10-02 20:38:46
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