242, Penetanguishene, Georgian Drive, Barrie, Residential Condo & Other
- 4 beds |
- 4 baths |
- 1400-1599 SQFT
Description
Residential Condo & Other Condo Townhouse For Sale.
**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.
Laundry Features: Ensuite
Interior Features: Primary Bedroom - Main Floor, Water Heater
Cross Street: Penetanguishene Rd & Grove St E
Key Facts
- Days on: 0 days
- Mls Status: New
- Bedrooms Total: 4
- Bedrooms Above Grade: 4
- Bathrooms Total Integer: 4
- Locker: None
- Kitchens Total: 1
- Parking Total: 1
- Parking Features: Reserved/Assigned
- Garage Type: None
- Heat Source: Gas
- Heat Type: Forced Air
- Cooling: Central Air
- Living Area Range: 1400-1599 Square Feet
Location 242, Penetanguishene, Georgian Drive, Barrie
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