10 - 242 PENETANGUISHENE ROAD, Barrie, Ontario
$449,999
- 4 Beds
- 4 Baths
**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:50212)
- Listing ID: S13857138
- Property Type: Single Family
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Listing provided by RE/MAX HALLMARK REALTY LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 10 - 242 PENETANGUISHENE ROAD in Barrie Ontario. It was last modified on October 2nd, 2026. Contact Sargis Sleiba to schedule a viewing or to discover other Barrie condos for sale.