9 Penetang Street
Codrington, Barrie, L4M 1V5
FOR SALE
$699,500
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5
BEDROOMS 4
BATHROOMS 3
KITCHENS 13
ROOMS S13533376
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Property Description
Income-producing legal triplex situated on an approximately 66 ft x 132 ft RM2-zoned lot in one of Barrie's most historic neighbourhoods. This substantial circa-1888 red-brick property offers approximately 3,050 sq. ft. of living space comprised of two spacious 2-bedroom units and one large 1-bedroom unit, making it an excellent addition to an investment portfolio. Significant renovations and updates were completed in 2013 while preserving the property's character and charm. Located on historic Court House Hill and once home to former Barrie Alderman Edward Tyrer, this unique property offers investors the rare opportunity to own an income-producing asset with historical significance and long-term potential.
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Property Features
On Demand Water Heater, Sump Pump, Private, Front Yard Parking
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Property Details
Address
9 Penetang Street
Community
City
Postal Code
L4M 1V5
Property Type
Triplex, Triplex
Zoning
RM2
Lot Size
65' x 128'
Taxes
$6,222 (2026
Basement
Partial Basement
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Re/Max Hallmark Chay Realty
Calling all investors looking to add to their portfolio: this 2-storey legal triplex located in central Barrie with RM2 zoning is ideally situated just a short walk to the downtown core, the beautiful waterfront, marina, library, public transit and all amenities. Building also offers a separate room for coin laundry as additional income. The three units include two 2-bed units and one 1-bed unit, all offering large windows allowing for plenty of natural light and seasonal views of Kempenfelt Bay. Tenants appreciate the oversized driveway with parking for up to 4 cars and the private lot surrounded by mature trees, with Barrie's iconic Spirit Catcher in view from the driveway. Building is in need of updating, including new roof, eavestrough and siding, seller has quotes for reference upon serious inquiries.The three existing long-term tenants are month-to-month and would like to stay. Tenants pay their own hydro, and an efficient natural gas hot water boiler system heats the property. Seller may be open to a VTB. Please note: interior photos were taken prior to the current tenants moving in.
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