242 Penetanguishene Road 10, Barrie
For sale · $449,999
4 beds · 4 baths · Condo Townhouse · 1400-1599 sq ft
About this home
**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.
Listing details
- MLS® number: S13857138
- Listed on October 2, 2026
- 11 photos
Listing brokerage: RE/MAX HALLMARK REALTY LTD.
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