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MLS® S13857138
Barrie, ON
**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.
Broker
RE/MAX HALLMARK REALTY LTD.
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Condo Townhouse
242 Penetanguishene Road #10 Barrie
Barrie
Type
Condo Townhouse
Basement
None
Parking
None (1)
Property Tax
~$3,566/yr
Heating
Forced Air
Laundry
Ensuite
Buying Essentials
Maintenance Fee
$429/mo
Fee Includes
Common Elements · Building Insurance · Parking
Square Feet
1500 sqft
Parking
None (1)
Locker
None
Finances
List Price
$449,999
Price per SQFT
$300/sqft
Property Tax
~$3,566/yr
Property Specs
Property Type
Condo Townhouse
MLS Size
1500 sqft
Exposure
South
Outdoor Space
None
Basement
None
Living & Amenities
Laundry
Ensuite
Heating Type
Forced Air
Features
Primary Bedroom - Main Floor · Water Heater
Policies & Utilities
Pets Allowed
Yes-with Restrictions
Neighbourhood
Barrie
Corp #
SSCC 420
Property Manager
Bayshore Property Management
Listed On
Oct 2, 2026
Days on Market
Current: 35 days
16.0 x 12.0
192 sqft
16.0 x 8.0
128 sqft
3 Pc Ensuite
11.0 x 8.5
93 sqft
3 Pc Ensuite
13.0 x 8.0
104 sqft
3 Pc Ensuite
11.0 x 8.0
88 sqft
3 Pc Ensuite
11.0 x 8.0
88 sqft
Rooms
6
Listed Room Area
693 sqft
Source
Estimated from MLS room dimensions
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