$1,425,000
Available - For Sale
Listing ID: S9296865
158 Penetang St , Barrie, L4M 1V8, Ontario
| 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. |
| Price | $1,425,000 |
| Taxes: | $8458.85 |
| Address: | 158 Penetang St , Barrie, L4M 1V8, Ontario |
| Lot Size: | 76.00 x 107.26 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | Duckworth St/Penetang St |
| Rooms: | 20 |
| Bedrooms: | 9 |
| Bedrooms +: | 1 |
| Kitchens: | 5 |
| Family Room: | N |
| Basement: | Full, Part Fin |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Mutual |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Property Features: | Park, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| EXP REALTY |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Simcoe |
| Municipality: | Barrie |
| Neighbourhood: | Codrington |
| Style: | 2-Storey |
| Lot Size: | 76.00 x 107.26(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $8,458.85 |
| Beds: | 9+1 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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