10 - 242 PENETANGUISHENE ROAD,Barrie (Georgian Drive),Ontario,L4M7C2
For sale
$449,999
10 - 242 PENETANGUISHENE ROAD,Barrie (Georgian Drive),Ontario,L4M7C2
**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:63658)
PROPERTY SUMMARY
| MLS® # | : | S13857138 |
| Listing price | : | $449,999 |
| Listed on | : | 11-10-2026 |
| Property subtype | : | For sale |
| Square footage | : | 1400 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX HALLMARK REALTY LTD. |
BEDROOM & BATHROOM
| Total bedrooms | : | 4 Bedrooms |
| Total bathrooms | : | 4 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : | No Garage |