For Sale
242 Penetanguishene Road 10 #10
Georgian Drive, Barrie, ON
$449,999
4Bd
4Ba
1,500+sqft
1Parking
$300/sqft
Condo TownMLS# S13857138Listed 2026-10-028 DOM
Heating
Water Heater
Cooling
Central Air
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.
Rooms
Main Floor
| Living Room | 4.87 × 3.66 m | |
| Kitchen | 4.87 × 2.44 m | |
| Bedroom | 3.35 × 2.59 m | 3 Pc Ensuite |
| Bedroom | 3.96 × 2.43 m | 3 Pc Ensuite |
Second Floor
| Bedroom | 3.35 × 2.43 m | 3 Pc Ensuite |
| Bedroom | 3.35 × 2.43 m | 3 Pc Ensuite |
Features
- Primary Bedroom - Main Floor
- Water Heater
- None
- Central Air
- 2-Storey
Financials
Annual Taxes
$3,566.04
Estimated Rental Income
Entire property$3,200 – $4,200/mo
Rental yield8.5% – 11.2%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Barrie
Days on market8 days
Buyer's MarketSeller's Market
Based on active listings in Barrie. Data updates daily.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
71
/ 100
Walk Score
Very Walkable
58
/ 100
Transit Score
Good Transit
40
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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