10 - 242 PENETANGUISHENE ROAD
Barrie (Georgian Drive), Ontario
MLS® S13857138
$449,999
- Status
- Active
- Property type
- House
- MLS® number
- S13857138
- Bedrooms
- 4
- Bathrooms
- 4
- Year built
- —
1 / 11Listing 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.
Property summary
- MLS® number
- S13857138
- Property type
- Single Family
- Building type
- Row / Townhouse
- Title
- Condo/Strata
- Annual property taxes
- $3,566.04
- Parking
- 1 space · No Garage
- Days on market
- 1 day
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- None
- Appliances
- Water Heater
- Exterior features
- Brick
- Community features
- Pets Allowed With Restrictions
- Maintenance fee
- $428.76 / Monthly
What would this home cost you?
Based on the $449,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX HALLMARK REALTY LTD., RICHMOND HILL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.