158 Penetang Street

Barrie, ON

MLS® 40640665

For sale
$1,425,000

Over $35K of upgrades, including new electric service and chimney removal, will be completed before closing! Professionally managed 5-unit row property, currently all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This well-maintained property offers an attractive annual gross income of $89,514.36, making it an excellent investment opportunity. Each of the 2-bedroom units features 1 bathroom, with potential for an additional bedroom and bathroom below grade—buyer or buyer's agent to perform due diligence*. The property boasts a paved driveway completed in 2022 and a newer rear fence, enhancing its curb appeal and functionality. Purpose Built Each unit is equipped with separate electrical breaker panels, water service, and heating system for convenience and utility efficiency. LOCATION, LOCATION! Ideally situated close to major amenities, including Georgian Mall and Bayfield Mall, the property offers residents ample shopping and dining options. It is also conveniently located near public transit routes and just minutes to Kempenfelt Park, Downtown Barrie, Georgian College, and RVH. This building represents a seamless investment opportunity with strong rental income and professional management ready for assumption if needed, ensuring a stress-free ownership experience. Financial details are available upon request.
Property Details
Parking Total
6
Property Type
Residential
Rental Equipment Type
Furnace
Hot Water Heater
Community Features
Irregular Lot
Park
Place of Worship
Public Transit
Schools
Building
Appliances
Dryer
Refrigerator
Stove
Washer
Basement Type
Full
Partially Finished
Bathrooms
5
Bedrooms
10
Building Type
Multi-5 Unit
Heating
Forced Air
Natural Gas
Roof
Asphalt Shing
Sewer
Sewer (Municipal)
Stories
2
Water Source
Municipal
Building Amenities
Separate Hydro Meters
Land
Lot Depth
107.26 ft
Lot Front
76.00 ft
Acres
< 0.5 Acres
Zoning
NL2
Landscape Features
Year Round Living
Walk Score
eXp Realty Brokerage

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Listing ID: 153421621
Last Updated: 2024-09-03 20:52:19