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The Valencia Team Real Estate
242 Penetanguishene Road Unit 10, Barrie, ON L4M 7C2
- $449,999
- 4
- BD
- 4
- BA
- 1,400
- SqFt
- List Price
- $449,999
- MLS#
- S13857138
- Status
- ACTIVE
- Type
- Condo
- SubType
- Condo Townhouse
- Style
- 2-Storey
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 1400-1599
- Province
- ON
- Municipality
- Barrie
- Area
- Simcoe
- Neighborhood
- Georgian Drive
- Subdivision
- Penetanguishene Rd & Grove St E
Property Description
**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.
Additional Information
- Taxes
- $3,566
- Maintenance Fee
- 428.76
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Kitchens
- 1
- Exterior
- Brick
- Garage Type
- None
- Parking Spaces
- 1
- Parking Type
- Reserved/Assigned
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Listing courtesy of RE/MAX HALLMARK REALTY LTD..