40 & 42 Penetang St

FOR SALE
$1,650,000
Sold
$1,435,000
40 & 42 Penetang St, Barrie
40 & 42 Penetang St
40 & 42 Penetang St
40 & 42 Penetang St
40 & 42 Penetang St
40 & 42 Penetang St
8 + 2
BEDROOMS
6
BATHROOMS
6
KITCHENS
22
ROOMS
S6051635
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-04-27 2023-07-28 92 $1,650,000 $1,435,000 Sold
2023-04-27 2023-07-28 92 $1,650,000 $1,435,000 Sold
Property Description
Located Close To Downtown Barrie, There Are Two Neighboring Buildings That Offer A Prime Prospect For Building A Larger Structure Containing 25-30 Units. At Present, The Location Consists Of A Four Plex - Two Single-Bedroom Units And Two Double-Bedroom Units - At 40 Penetang St., And A Legal Duplex That Has Two Double-Bedroom Units At 42 Penetang St. These Properties Currently Generate A Combined Monthly Income Exceeding $7,900.00. The Property For The Proposed Construction Will Have A Road Frontage Of 102.7Ft And A Maximum Depth Of 208Ft.
Property Details
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
103' x 209'
Fronting
East
Taxes
$11,176 (2023)
Basement
Apartment, Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
12
Driveway
Front Yard
Garage Type
None
Similar Listings
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ATTENTION INVESTORS! 5-PLEX IN IDEAL LOCATION WITH EXCELLENT INCOME POTENTIAL! Welcome to 81 Innisfil Street. Discover an exceptional investment opportunity in this 5-plex property strategically located near the Go Station & bus routes, ensuring tenant convenience. Walk to pubs, downtown & the waterfront for urban charm & scenic beauty. Easy access to Highway 400 enhances connectivity, opening doors to endless possibilities. Unit 1, the Main House, features a charming brick facade, 3 bedrooms & one bath over two floors, a gas furnace, A/C & private laundry facilities. A bonus unit offers an office/bachelor-style layout & a private bathroom, ripe for imaginative investors. Units A,B,C & D offer four identical 2-bedroom, 1-bathroom apartments with electric heat & tenants cover their own hydro costs. The basement hosts a communal coin laundry facility with separate meters & ample storage, with the potential for individual lockers. Abundant parking spaces enhance the building.
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