242 Penetanguishene Road 10, Barrie, ON L4M 7C2
Barrie, ON L4M 7C2
About this property
**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 facts & features
- Property type
- Condo Townhouse
- MLS® number
- S13857138
- Source status
- New
- Bedrooms
- 4
- Bathrooms
- 4
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L4M 7C2
- Parking spaces
- 1
- Garage
- None
- Annual property tax
- 3566.04
- Maintenance fee (source period)
- 428.76
- Basement
- None
- Laundry
- Ensuite
- Interior features
- Primary Bedroom - Main Floor, Water Heater
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $449,999
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Barrie →Listing brokerage: RE/MAX HALLMARK REALTY LTD.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® S13857138. Information deemed reliable but not guaranteed.