242 Penetanguishene RD #10, Barrie (georgian Drive), ON L4M7C2
242 Penetanguishene RD #10, Barrie (georgian Drive), ON L4M7C2
242 Penetanguishene RD #10, Barrie (georgian Drive), ON L4M7C2
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Judy Mohanty

Judy Mohanty

+1(587) 839-4880
$449,999
Est. payment /mo
4 Beds
4 Baths
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UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1400 - 1599

Subdivision Georgian Drive

MLS® Listing ID S13857138

Bedrooms 4

Condo Fees $428/mo

Property Sub-Type Townhouse

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Second level 3.35 m X 2.43 m Bedroom

Extra Room 2 Second level 3.35 m X 2.43 m Bedroom

Extra Room 3 Main level 4.87 m X 3.66 m Living room

Extra Room 4 Main level 4.87 m X 2.44 m Kitchen

Extra Room 5 Main level 3.35 m X 2.59 m Bedroom

Extra Room 6 Main level 3.96 m X 2.43 m Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

Community Features Pets Allowed With Restrictions

View Y/N No

Attached Garage No

Total Parking Spaces 1

Garage No

Private Pool No

Building

Story 2

Others

Ownership Condominium/Strata

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Judy Mohanty

Judy Mohanty

+1(587) 839-4880

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