242 Penetanguishene Rd #10
Barrie, ON L4M 7C2
For more information on this listing, contact us at: (647) 360-2908
Active
$449,999
242 Penetanguishene Rd #10 Barrie, ON L4M 7C2
Condo Townhouse
Property Type
4
Beds
4
Baths
**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.
MLS #
S13857138
Monthly Assoc. Fee
$429
On Site
1 Day
Last Updated
10/2/2026
Location
Contact Agent
Ariez Reyes Tamboowalla
(647) 360-2908Property Details
Community Information
Address
242 Penetanguishene Rd #10, Barrie, ON L4M 7C2
Area
Simcoe
City
Barrie
Community
Georgian Drive
Postal Code
L4M 7C2
Architecture
Unit Number
#10
Bedrooms
4
Bathrooms
4
Stories
2
Style
2-Storey
Construction Materials
Brick
Features / Amenities
Interior Features
Primary Bedroom - Main Floor, Water Heater
Laundry Features
Ensuite
Kitchens Total
1
Parking Features
Reserved/Assigned
Cooling
Central Air
Heat Type
Forced Air
Heat Source
Gas
Property Features
Sq. Ft.
1400-1599
Exposure
South
Directions
Penetanguishene Rd & Grove St E
Tax and Financial Info
Tax Annual Amount
$3,566.04
Tax Year
2026
Association Fee
$428.76
Association Fee Includes
Common Elements Included, Building Insurance Included, Parking Included
Pets Allowed
Yes-with Restrictions
Listing Office
Listing provided courtesy of RE/MAX Hallmark Realty Ltd..
Rooms
| Level | Size | Features | |
| Bedroom | Main | 12.99 X 7.97 | 3 Pc Ensuite |
| Bedroom | Second | 10.99 X 7.97 | 3 Pc Ensuite |
| Bedroom | Second | 10.99 X 7.97 | 3 Pc Ensuite |
| Kitchen | Main | 15.98 X 8.01 | |
| Bedroom | Main | 10.99 X 8.50 | 3 Pc Ensuite |
| Living Room | Main | 15.98 X 12.01 |
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Listing Information Last Updated 10/2/2026
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
