10 - 242 PENETANGUISHENE ROAD, Barrie, Ontario L4M 7C2
$449,999.00
- 4 bedrooms
- 4 bathrooms
**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 ... read more
**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:25417)
- Listing ID: S13857138
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Condo Corporation $428.76 / Monthly |
| Parking: | No Garage 1 Spaces |
| Building | |
|---|---|
| Type: | Single Family Row / Townhouse |
| Appliances: | Water Heater |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Brick |
| Basement: | None |
| Location | |
|---|---|
| City: | Barrie |
| Province: | Ontario |
| Community Features: | Pets Allowed With Restrictions |
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.35 m x 2.43 m |
| Bedroom | Second level | 3.35 m x 2.43 m |
| Living room | Main level | 4.87 m x 3.66 m |
| Kitchen | Main level | 4.87 m x 2.44 m |
| Bedroom | Main level | 3.35 m x 2.59 m |
| Bedroom | Main level | 3.96 m x 2.43 m |
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