Living (3.66 × 4.87)
Level: Main
10-242 Penetanguishene Rd
Georgian Drive, Barrie, Ontario L4M 7C2
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- S13857138
- Board
- TRREB MLS®
- Days on market
- Tax
- $3,566
- Size
- 1400-1599 sqft
- Parking
- None, 1 Parking
Listing History
Listing activity for 10-242 Penetanguishene Rd, Barrie, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $449,999 | N/A | For Sale | S13857138 |
Property Details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Georgian Drive
- Municipality
- Barrie
Inside
- Bedrooms
- 4
- Bathrooms
- 4
- Bathroom Detail
- 2, 3pc, Main
- Bathroom Detail
- 2, 3pc, 2nd
- Basement Type
- None
- Kitchens
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 1400-1599 sqft
- Construction
- Brick
Parking
- Garage Type
- None
- Add. Parking
- 1
- Total Parking
- 1
Additional
- Fireplace
- N
- Den
- N
- Family room
- N
- Condo maint.
- $429
Rooms (6)
Kitchen (2.44 × 4.87)
Level: Main
Br (2.59 × 3.35)
3 Pc Ensuite
Level: Main
Br (2.43 × 3.96)
3 Pc Ensuite
Level: Main
Br (2.43 × 3.35)
3 Pc Ensuite
Level: 2nd
Br (2.43 × 3.35)
3 Pc Ensuite
Level: 2nd
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 7 on record nearby 6 checked, none on recordRead 2026-10-27
Water and conservation
- No mapped wetland within 120 m
- 2 water-supply wells recorded within 250 m1 of them were drilled for domestic use. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 44.2 m.
- Groundwater recorded about 23.8 m below ground nearbyThe middle water level in the well records within 500 m (13 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 6.3 km
Province of Ontario open data
Around the home
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Alectra Utilities Corporation
- Wired internet 50/10 Mbps or faster is listed at a household 90 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (90 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, PTP Broadband, Rogers, RuralNet, Ultrafast Wireless, Vianet, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,063
- Down payment$90,000
- Mortgage amount$359,999
- Total interest$258,901
- Total cost$708,900
Cash flow analysis
$2,063
Total monthly payment
$2,360
Break-even down payment
100%
Cash flow-$2,360
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$449,999
$449,999
CAD
Estimate unavailable
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