158 Penetang Street , Barrie, ON L4M 1V8
Barrie, ON L4M 1V8
Description
Over $35K of upgrades, including new electric service and chimney removal, will be completed before closing! Professionally managed 5-unit row property, currently all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This well-maintained property offers an attractive annual gross income of $89,514.36, making it an excellent investment opportunity. Each of the 2-bedroom units features 1 bathroom, with potential for an additional bedroom and bathroom below gradebuyer or buyer's agent to perform due diligence*. The property boasts a paved driveway completed in 2022 and a newer rear fence, enhancing its curb appeal and functionality. Purpose Built Each unit is equipped with separate electrical breaker panels, water service, and heating system for convenience and utility efficiency. LOCATION, LOCATION! Ideally situated close to major amenities, including Georgian Mall and Bayfield Mall, the property offers residents ample shopping and dining options. It is also conveniently located near public transit routes and just minutes to Kempenfelt Park, Downtown Barrie, Georgian College, and RVH. This building represents a seamless investment opportunity with strong rental income and professional management ready for assumption if needed, ensuring a stress-free ownership experience. Financial details are available upon request.
Details
| MLS# | 40640665 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 40 |
| Listing Provided By | EXP Realty Brokerage | Spencer-Kaleb Yankowski |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 4,076 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | NL2 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Simcoe County |
| City | Barrie |
| Postal Code | L4M 1V8 |
| Area | Barrie |
| Subarea | BA03 City Centre |
| Community Name | BA03 City Centre |
| Listing VS Median (in BA03 City Centre) | |
Price: $1,425,000 low | high Med: $599,900 SqFt: 4,076 low | high Med: 1,200 $ / SqFt: $350 low | high Med: $500 On Site: 40 low | high Med: 24.000000 | |