NewFor sale 50$530,000
3+1 bed4 bath1,100–1,500 sq ft
75 Prince William Way #6
Innis-Shore, Barrie
5 days agoMLS® S13875668
ROYAL LEPAGE SIGNATURE REALTY
$449,999
242 Penetanguishene Road #10
Georgian Drive, Barrie, Ontario L4M7C2
For sale· Added
4 bed4 bath1,400–1,599 sqft
About this home
**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.
Location
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Property details
Listing
- MLS® number
- S13857138
- Added
- Oct 2, 2026 ()
- Updated
- Oct 3, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Row / Townhouse
- Storeys
- 2
- Ownership
- Condo
Inside
- Bedrooms
- 4
- Bathrooms
- 4
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Water Heater
Building
- Basement
- None
- Exterior
- Brick
- Parking
- No Garage · 1 space
- Management
- Bayshore Property Management
Location
- Cross streets
- Penetanguishene Rd & Grove St E
- Nearby
- Pets Allowed With Restrictions
Running costs
- Annual property tax
- $3,566
- Condo fee
- $429 Monthly
- Includes Common Area Maintenance, Insurance, Parking
Rooms
| Living room | Main level | 4.87 x 3.66 m |
| Kitchen | Main level | 4.87 x 2.44 m |
| Bedroom | Main level | 3.35 x 2.59 m |
| Bedroom | Main level | 3.96 x 2.43 m |
| Bedroom | Second level | 3.35 x 2.43 m |
| Bedroom | Second level | 3.35 x 2.43 m |
$449,999
242 Penetanguishene Road
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