158 Penetang ST Pending Save Request In-Person Tour Request Virtual Tour
Barrie,ON L4M 1V8
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID S9296865
Style 2-Storey
Bedrooms 9
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
State ON
County Simcoe
Area Codrington
Rooms
Family Room No
Basement Full,Partially Finished
Kitchen 5
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Garage Mutual
Garage Spaces 6.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Topography Flat
Parking Type None
Total Parking Spaces 6
Building
Unit Features Public Transit,Park,School
Foundation Poured Concrete