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    For Sale - 242 Penetanguishene Road Unit# 10, Barrie, Ontario

    Est payment $2,161/mo
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    Views   1
    Time on Jump  6 day

    AI Summary *

    • Turnkey townhouse with tenants already in place for immediate cash flow.
    • Generates $3,300/month in gross rental income, great for investors.
    • Offers approximately 9.9% gross rental yield on investment.
    • New washer and dryer installed in 2023 for tenant convenience.
    • Additional parking available for purchase from management.




    **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.
    Listing IDS13857138
    Address242 Penetanguishene Road Unit# 10
    CityBarrie, Ontario
    Price$449,999
    Bed / Bath4 / 4 Full
    Style2-Storey, Condo Townhouse
    ConstructionBrick
    TypeCondominium
    StatusFor Sale

    Subtype Condo TownhouseIndoor Features Primary Bedroom - Main Floor, Water Heater, EnsuiteBasement NoneHeating / Cooling Forced AirHeating Fuel Gas

    Parking 1.00
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    Listing Brokerage: RE/MAX HALLMARK REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    242 Penetanguishene Road Unit# 10
    Barrie , Ontario
    4 4 $449,999
    Get more info