242 Penetanguishene Rd #10, Barrie, Ontario L4M 7C2
Contact us about this property
Highlights
Estimated valueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.Not available
Price/Sqft$301/sqft
Monthly cost
Open Calculator
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.
Property Details
Interior
Features
Main Floor
Living
4.87 x 3.66Kitchen
4.87 x 2.44Br
3.35 x 2.593 Pc Ensuite
Br
3.96 x 2.433 Pc Ensuite
Exterior
Parking
Garage spaces -
Garage type -
Total parking spaces 1
Condo Details
Inclusions
Property History
11
