$1,425,000
 $7,650 est/mo Sourced by Back At You

158 Penetang Street , Barrie, ON L4M 1V8

Barrie, ON L4M 1V8

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Description

Over $35K of upgrades, including new electric service and chimney removal, will be completed before closing! Professionally managed 5-unit row property, currently all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This well-maintained property offers an attractive annual gross income of $89,514.36, making it an excellent investment opportunity. Each of the 2-bedroom units features 1 bathroom, with potential for an additional bedroom and bathroom below gradebuyer or buyer's agent to perform due diligence*. The property boasts a paved driveway completed in 2022 and a newer rear fence, enhancing its curb appeal and functionality. Purpose Built Each unit is equipped with separate electrical breaker panels, water service, and heating system for convenience and utility efficiency. LOCATION, LOCATION! Ideally situated close to major amenities, including Georgian Mall and Bayfield Mall, the property offers residents ample shopping and dining options. It is also conveniently located near public transit routes and just minutes to Kempenfelt Park, Downtown Barrie, Georgian College, and RVH. This building represents a seamless investment opportunity with strong rental income and professional management ready for assumption if needed, ensuring a stress-free ownership experience. Financial details are available upon request.

Details

MLS#40640665
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1955
Days On Site60
Listing Provided ByEXP Realty Brokerage | Spencer-Kaleb Yankowski

Features

Bed(s)10
Bath(s)5
SQ Feet4,076
BasementY
Story(s)2
ZoningNL2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountySimcoe County
CityBarrie
Postal CodeL4M 1V8
AreaBarrie
SubareaBA03 City Centre
Community NameBA03 City Centre
Listing VS Median (in BA03 City Centre)
Price:
$1,425,000
low | high
Med:
$624,000
100% of Average
SqFt:
4,076
low | high
Med:
1,076
100% of Average
$ / SqFt:
$350
low | high
Med:
$580
15.87908432792% of Average
On Site:
60
low | high
Med:
31.000000
100% of Average
Sourced by Back At You
Listing Updated: October 22, 2024 at 11:24:13 AM PDT