10 - 242 Penetanguishene Road, Barrie
**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:1945)
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Property details for 10 - 242 Penetanguishene Road, Barrie
- Type
- Townhouse
- Bedrooms
- 4
- Bathrooms
- 4
- Stories
- 2
- Basement
- None
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick
- Ownership
- Condo/Strata
- Annual Taxes
- $3,566
- Condo Fee
- $429 / Monthly
Nearby Listings Stat
Estimated price and comparable properties near 10 - 242 Penetanguishene Road
Active Listings
5
Min Price
$398,900
Max Price
$449,999
Avg Price
$428,380
Days on Market
95
days
Sold Listings
1
Min Sold Price
$729,000
Max Sold Price
$729,000
Avg Sold Price
$729,000
Days until Sold
10
days
Neighbourhood Census Data
Barrie, Ontario
Population
564
Median Age
32
Median Income
$31,424
Dwelling Value
$348,244
Housing Tenure
Owners 69%
Renters 28%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 3.2
Pop. Density: 3,168.5/km²
Avg Shelter Cost: $1,513/mo
Owners with Mortgage: 83.3%
Owners Spending 30%+: 12.5%
Tenants Spending 30%+: 40%
English only: 94.7%
English and French: 6.2%
Neither: 0.9%
Median Household Income: $92,416
Median Employment Income: $28,896
Price History
Listed
October 2, 2026
by RE/MAX HALLMARK REALTY LTD.
Current Price
$449,999
Type
Townhouse
For Sale
