242 Penetanguishene Road Unit 10, Barrie (Georgian Drive), Ontario L4M7C2
Listing courtesy of RE/MAX HALLMARK REALTY LTD..
- $449,999
- 4
- BD
- 4
- BA
- List Price
- $449,999
- Status
- ACTIVE
- Days on Market
- 26
- MLS® #
- TorontoRegionalRealEstateBoard-S13857138
- Bedrooms
- 4
- Bathrooms
- 4
- Subdivision
- Georgian Drive
- Neighborhood
- Georgian Drive
- MLS Area Major
- Georgian Drive
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. (id:5764)
Additional Information
- Exterior Features
- Brick
- Taxes
- $3,566
- HOA Fee
- $428
- Community Features
- Georgian Drive
- Appliances
- Water Heater
- Heating
- Forced air, Natural gas
- Air Conditioning
- Central air conditioning
- Stories
- 2
- Parking Features
- No Garage
