$1,425,000

158 Penetang St

Codrington, Barrie, Ontario, L4M 1V8

| | | sq.ft. | Year Built: 51-99 |
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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.

Property Info
MLS®: S9296865
Listing Courtesy of EXP REALTY
Total Bedrooms 9
Total Bathrooms 5
Basement Part Fin
Floor Space 0 sq.ft.
Lot Size 8152 sq.ft.
Style 2-Storey
Last Updated 2024-09-03
Property Type Multiplex
Listed Price $1,425,000
Unit Pricing $1,425,000/sq.ft.
Strata Fee $
Tax Estimate $8,459/Year
Year Built 51-99
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