242 Penetanguishene Road 10
Georgian Drive, Barrie, L4M 7C2
FOR SALE
$449,999
➧
➧










Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS 4
BATHROOMS 1
KITCHENS 9
ROOMS S13857138
MLSID Contact Us
Property Description
**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.
Call
Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-10-21 | 2021-11-03 | 13 | $449,900 | $460,000 |
Nearby Intersections
Property Features
Primary Bedroom - Main Floor, Water Heater, Reserved/Assigned, Ensuite
Call
Property Details
Address
242 Penetanguishene Road 10
Community
City
Postal Code
L4M 7C2
Property Type
Condo Townhouse, Condo Townhouse
Taxes
$3,566 (2026
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Parking 1
Exclusive
Garage Type
None
Call
Listing contracted with Re/Max Hallmark Realty Ltd.
Turnkey Investment Opportunity or Growing family home. Ideally positioned at 250 Penetanguishene Road, these bright and spacious 4-bedroom, 4-bathroom stacked townhomes offer an exceptional opportunity for investors and owner-occupants alike. Located in one of Barrie's most strategically connected corridors, you're minutes from Georgian College and Royal Victoria Regional Health Centre, making this an in-demand rental for students, healthcare professionals, and families year-round.The open-concept living space is designed for real living, anchored by a chef-inspired eat-in kitchen with generous prep space and room for the whole house to gather. Oversized windows flood the space with natural light, and the thoughtful layout means every bedroom functions as its own private retreat.For investors, the rental numbers speak clearly, these units deliver strong per-door returns in a well-managed, low-maintenance development built for long-term performance. Beyond the front door, the location does the heavy lifting. Quick access to Highway 400 connects commuters north and south with ease. Downtown Barrie is minutes away, with waterfront dining, boutique shopping, and Kempenfelt Bay just beyond. Whether your tenants are here for school, work, or lifestyle, everything they need is within reach.A rare blend of strong cash flow, quality construction, and a location that sells itself.
Call
Excellent opportunity to own a turnkey income property in a highly desirable location! This open-concept home features a spacious main living area with a centralized living room and eat-in kitchen, along with four bedrooms, each complete with its own private ensuite bathroom. Located within walking distance of the college, this property is ideally suited for student rentals and offers strong rental income potential. The main living areas feature durable laminate flooring, while the bedrooms are carpeted and the bathrooms have ceramic tile. The property is fully equipped with two refrigerators, stove, washer, dryer, dishwasher, and microwave, all in stainless steel. Current rental income is $850 for Room 1, $900 for Room 2 including parking, $725 for Room 3, and $750 for Room 4, providing a total monthly rental income of $3,225. Mortgage/property taxes $2,292.44, Management Fee & Internet $428.76, Gas $53, CARMA metre $266.78. A great opportunity for investors looking for a low-maintenance, income-generating property in a convenient location close to the college and amenities.
Call
Amazing and Spacious 4-Bedroom, 4-Bathroom Condo Townhouse in Barrie's Sought-After Georgian Drive Community! Welcome to this bright and spacious condo townhouse offering huge space of comfortable living. Each of the four bedrooms features its own private ensuite bathroom perfect for families, professionals, or investors seeking a high-demand student rental opportunity. Enjoy an open-concept main floor designed for entertaining, complete with a kitchen featuring two stainless steel fridges, a large center island, and generous cabinet space. The home's well-designed layout includes large, square-shaped bedrooms with ample closets, providing both function and style. Ideally located just minutes from Georgian College, Royal Victoria Hospital, parks, schools, shopping, and public transit this property offers both convenience and versatility. Whether you're looking for a comfortable family home or a turn-key investment, this townhouse checks all the boxes.
Call
Turn-key 4-bed, 4-ensuite condo-townhouse just steps from Georgian College! Fully furnished and move-in ready, this rare layout offers four private ensuite bedrooms, stainless steel appliances, two fridges, and in-suite laundry. Bright open-concept main floor, large bedrooms, and unbeatable proximity to Georgian College, RVH, transit, shopping, and parks. Perfect for first-time buyers, families, or investors seeking strong rental demand and long-term value.
Call
This open concept town home is ideal for first-time home buyers, investors or that busy professional who needs close and easy access to the highway. This home features inside garage entry, large sliding doors to your own deck space, lots of natural light, newly replaced kitchen, three-large bedrooms upstairs and a fourth bedroom and bathroom on the lower level with a great sized rec room. Just minutes to the GO train and all amenities. Step out your front door and enjoy the short walk to the gym, outdoor pool, tennis and basketball court, etc. You won't want to miss this one!
Call
Exceptional Investment Opportunity with Built-In Income Potential! This updated 4-bedroom, 2.5-bathroom two-storey townhome offers approximately 1,750 sq. ft. of versatile living space in a central location close to public transit and GO Stations. With two separate entrances and a fully self-contained walk-out lower-level suite, it's ideal for investors, multi-generational living, first-time buyers, or homeowners seeking additional rental income.Recent upgrades include a $25,000 ducted central HVAC system, improved driveway, freshly cleaned windows, newly installed basement door, and newly installed garage door. The bright main level features an open-concept living and dining area with walkout to a private deck overlooking the backyard, plus a 2-piece powder room and direct access ton the garage with newly replaced door. Upstairs offers three generously sized bedrooms with ample closet space and a 4-piece family bathroom.The walk-out lower level adds exceptional flexibility with a private entrance, living area, kitchenette, spacious bedroom, and 3-piece ensuite-perfect for an in-law suite or mortgage helper. Vacant possession allows the new owner to immediately take advantage of its income potential.Enjoy a high-demand community with transit at your doorstep and easy access to GO Stations, schools, shopping, and everyday amenities. Residents also have access to hiking trails, two playgrounds, a swimming pool, fitness centre, party room, and tennis and basketball courts.A turnkey opportunity offering lifestyle, flexibility, and excellent income potential.
Call
Welcome to 25 Southwoods Cres 57, an elegant End-Unit Condo Townhouse in the heart of Essa, offering sophisticated, low-maintenance living with an exceptional combination of space, comfort and convenience. Offering close to 2000 sq. ft. of beautifully updated living space, this spacious 3-bedroom, 3-bathroom home is tucked away in a highly sought-after Holly Community in Barrie. Stepping inside, you'll find Soaring 9-foot ceilings enhance the sense of openness throughout the main living areas. The elegant combined living room and dining area creates an inviting setting for both everyday living and entertaining. At the heart of the home is a beautifully kitchen, featuring premium countertops, abundant cabinetry and sleek appliances. Upstairs, you'll find three generous bedrooms with a 3-piece ensuite. Open finished basement with a 3pc bathroom can be used as a nanny suite, second living room or a recreation space. Ideally located just minutes from Hwy 400, top-rated schools, serene parks, and all essential amenities, this home combines style, comfort, and convenience.
Call
Call