42 Penetang Street
Codrington, Barrie, L4M 1V6
FOR SALE
$649,900
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4
BEDROOMS 2
BATHROOMS 2
KITCHENS 8
ROOMS S13448760
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Property Description
Legal Duplex in downtown, Barrie Within Walking Distance to Lake Simcoe and Amenities. The house has two self contained units that are fully leased. There is a possibility of a third unit in the basement for more income. Great for a future development.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2023-05-11 | 2023-07-28 | 78 | $760,000 | $635,000 |
| 2020-11-10 | 2020-11-17 | 7 | $460,000 | $502,000 |
Property Features
Carpet Free
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Property Details
Address
42 Penetang Street
Community
City
Postal Code
L4M 1V6
Property Type
Duplex, Duplex
Lot Size
49' x 156'
Taxes
$4,842 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Home Land Plus Realty Ltd.
UPDATED LEGAL DUPLEX IN WEST BARRIE - PRIME INVESTMENT WITH LASTING VALUE IN A HIGH-DEMAND LOCATION! Welcome to this outstanding registered legal duplex in West Barrie, offering an exceptional investment opportunity with steady rental income and strong long-term value. Ideally located within walking distance to schools, parks, public transit and the Lampman Lane Community Centre with sports fields, community gardens and a splash pad - plus just minutes to Highway 400, downtown Barrie's shops and services, and the beautiful Kempenfelt Bay waterfront - this property offers exceptional convenience and lifestyle appeal. Enjoy a welcoming front yard with a charming lounge deck, along with a private fully fenced backyard featuring an elevated deck and patio framed by mature trees for added privacy. Inside, the upper level showcases a bright open-concept living and dining area with a newer bay window, a practical kitchen with pantry storage, three spacious bedrooms, and a modernized 4-piece bath with updated tiling, vanity, toilet, and taps. The lower unit offers two generous bedrooms, a full kitchen with a newer electric stove, a 4-piece bath and a large rec room highlighted by a cozy natural gas fireplace and walkout to the backyard patio. Both units enjoy separate entrances and laundry facilities for convenience and privacy. Recent updates to the roof, gutters, deck boards, and hot water heater provide peace of mind, while efficient forced-air gas heating and central air add to the property's overall appeal. With its desirable location, thoughtful updates, and versatile layout, this is a rare opportunity to add a low-maintenance, income-generating property to your portfolio!
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Welcome to a world of possibilities! 158 Cundles Road East is a raised bungalow featuring a fully legalized 2-bedroom basement apartment - permitted and operating since 2019. This property suits a wide range of buyers: the savvy first-time buyer seeking mortgage relief from the basement apartment, the multi-generational family wanting walkable access to a nearby elementary school, or the investor recognizing strong rental demand from Georgian College students on the transit route. Both units are now fully vacant, offering immediate vacant possession so you can choose your own tenants or move in, an ideal blend of flexibility and rental upside. Both units have been professionally managed, and that property management relationship can be transferred to a new owner. Well-maintained and move-in ready, the property sits steps from Bayfield Street's vibrant shopping and dining, minutes to Hwy 400 for GTA commuters, and on a direct Barrie Transit route to Georgian College's main campus on the northeast edge of the city. Barrie continues to thrive as one of Ontario's fastest-growing communities - and income properties in locations like this are increasingly rare. Previous rental income: basement apartment $1,870/month, upper $2408/month combined $4,278/month.
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Legal Duplex in Prime Allandale Location Steps to the Water & GO Station!A rare opportunity to own a legal duplex in the heart of Allandale, just a short walk to the waterfront and the Allandale GO Station! This well-maintained home is perfect for investors or multi-generational living, offering two beautifully designed units with separate entrances and laundry for each.The main-floor unit is a cozy one-bedroom apartment featuring a bright and modern kitchen with updated flooring, a spacious living area, and a 4-piece bathroom.The second-floor unit boasts two generous bedrooms with gleaming hardwood floors, a well-appointed 4-piece bath, and a functional kitchen with lovely views from the walkout balcony perfect space to relax and unwind.Additional highlights include ample parking, easy access to both units, and the exciting potential to add a garden suite for extra income. The lot is very large.A fantastic investment in one of Allandales most desirable locations! Dont miss your showing today!
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PRICED TO SELL - Registered Duplex with RM2 Zoning & Development Potential Welcome to 44 Parkside Dr, Barrie-a beautifully updated century home that blends modern finishes with timeless character. This registered duplex offers a spacious main-floor 2-bedroom suite and a bright upper-level 1-bedroom suite, both extensively renovated and featuring separate laundry facilities, updated appliances, and stylish finishes throughout. Situated on a generous 66 x 132 ft lot with RM2 zoning, this property presents exceptional versatility and future potential. Investors can enjoy strong rental income, first-time buyers can offset mortgage costs by living in one unit and renting the other, and multi-generational families will appreciate the flexible living arrangements. Potential rental income is estimated at approximately $2,500/month for the lower unit and $1,800/month for the upper unit. The RM2 zoning may offer the opportunity for additional development potential, including the possibility of adding further residential units (buyer to complete their own due diligence with the City of Barrie).Extensively renovated in 2024, over $70k in updates include new kitchens, bathrooms, flooring, trim, doors, hardware, lighting, most appliances, and a complete interior repaint. Additional improvements include a new A/C (2024), hot water tank (2024), and furnace (2019).Ideally located across from Queens Park and close to schools, shopping, public transit, downtown amenities, and major commuter routes, this property offers both immediate value and long-term upside. A rare opportunity to own a turn-key, income-generating property in a convenient central Barrie location with vacant possession and immediate occupancy available.
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**Attention Investors and Home Buyers!** Don't miss this fantastic opportunity to own a LEGAL DUPLEX in a desirable family-friendly neighborhood. Located on a quiet street surrounded by mature trees and greenery, this property offers excellent flexibility for both investors and owner-occupants. The main 3-bedroom unit is currently vacant, allowing you to move in and enjoy homeownership while generating rental income from the second unit, or lease it at current market rent with an estimated potential of approximately $2,500/month. The rear unit is occupied by a stable long-term tenant paying $1,735/month, providing immediate income from day one. This well-maintained duplex is easy to manage and offers strong income potential in a highly desirable location close to parks, schools, shopping, and everyday amenities. Whether you're looking for a mortgage helper, multi-generational living, or a turnkey investment property, this duplex checks all the boxes. A rare opportunity with endless possibilities-act fast, this one won't last long! Offer Night on Tue, July 21st @ 6pm. Pre-emptive offers may be reviewed and accepted by the Seller without notice
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LEGAL DUPLEX IN THE NORTH END OF BARRIE! SEMI-DETACHED, CLOSE TO ALL SHOPS AND PUBLIC TRANSIT. 3 BEDROOM UPPER WITH 2 BATHS AND WALKOUT TO A NICE SIZED YARD. OPEN CONCEPT LOWER BUILT AND LEGALIZED IN 2016. NEW SIDING ON THE BACK AND THE SIDE, ROOF, INSULATION AND FASCIA APRIL (2025), DISHWASHER (2022), PRICED TO CASH FLOW!
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Investors! First Time Home Buyers! Looking to add to your real estate portfolio, or get into the market? Live in one unit and rent out the other to off-set costs and build your equity! This detached two storey legal 2-unit property offers two self-contained units. MAIN = two storey living space with kitchen, living room, family room, 3 x bedrooms, 2 x baths. LOWER - kitchen w/living space, 2 x bedroom, 1 x bath. Appliances, included as shown - 2 x fridge, 2 x stove, 1 x dishwasher, 2 x washer, 2 x dryer. Convenience of ensuite laundry for both units, onsite parking. Tenanted property requires min 24 hrs notice for all showings. Conveniently situated in Barrie with easy access to key amenities - public transit, GO Train service, schools, parks, shopping, services, entertainment and all season recreation. Minutes to commuter routes north to cottage country or south to the GTA. Financial information available for review.
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