$1,250,000
$1,425,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
158 Penetang ST Barrie, ON L4M 1V8
10 Beds
5 Baths
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID S9296865
Style 2-Storey
Bedrooms 10
Annual Tax Amount $8,458
Tax Year 2024
Property Description
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 gradebuyer 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.
Location
Province ON
County Simcoe
Zoning NL2
Rooms
Family Room No
Kitchen 5
Interior
Cooling None
Exterior
Exterior Feature Year Round Living
Garage Mutual
Garage Spaces 6.0
Pool None
Roof Type Asphalt Shingle
Building
Foundation Poured Concrete
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