About 242 Penetanguishene Road 10
**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.
Features of 242 Penetanguishene Road 10
| MLS® # | S13857138 |
|---|---|
| Price | $449,999 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 1400-1599 |
| Type | Residential Condo & Other |
| Sub-Type | Condo Townhouse |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 242 Penetanguishene Road 10 |
|---|---|
| Area | Simcoe |
| Subdivision | Georgian Drive |
| City | Barrie |
| Province | ON |
| Postal Code | L4M 7C2 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | None |
| Kitchens | 1 |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | RE/MAX HALLMARK REALTY LTD. |
|---|