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158 PENETANG STREET, Barrie (Codrington), Ontario, L4M 1V8

MLS® # S9296865
Investment For Sale In Barrie (Codrington), Ontario
$1,425,000
158 Penetang Street, Barrie (Codrington), ON - Outdoor
158 Penetang Street, Barrie (Codrington), ON - Outdoor With Facade
158 Penetang Street, Barrie (Codrington), ON  - Outdoor
158 Penetang Street, Barrie (Codrington), ON  - Outdoor With Facade
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158 PENETANG STREET, Barrie (Codrington), Ontario, L4M 1V8
$1,425,000

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Hydro Meters
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9+1
  • Bathrooms: 5
  • Amenities Nearby: Public Transit, Park, Schools
  • Features: Irregular lot size, Flat site
  • Irregular: Yes
  • Lot Depth: 107.3 Feet
  • Lot Frontage: 76.0 Feet
  • Lot Size: 76 x 107.26 FT
  • Zoning: NL2
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 6

Rooms:

  • Primary Bedroom 2nd Level 4.20 m x 3.01 m
  • Bedroom 2nd Level 2.93 m x 2.40 m
  • Kitchen Main Level 4.03 m x 2.96 m
  • Living Main Level 5.21 m x 3.12 m

Convert Measurement to:

Courtesy of: EXP REALTY

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Location of 158 PENETANG STREET, Barrie (Codrington), Ontario, L4M 1V8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: High

30 hot days expected in 2050

45/100

High

ClimateCheck®

Current data

This property, 158 PENETANG STREET , experiences 7 hot days per year at around 30.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 34.4 degrees Celsius.

Projected Avg. Temperature

Past
30.9℃
2050
34.4℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk:

14 storms expected in 2050

60/100

ClimateCheck®

Current data

This property, 158 PENETANG STREET , experiences 11 significant 2-day storms per year, with about 303.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 377.8mm of precipitation per year.

Precipitation Per Storm

Past
303.3mm
2050
377.8mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 158 PENETANG STREET, Barrie (Codrington), Ontario, L4M 1V8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,348.78

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.5 %

High school certificate or equivalent

33.21 %

Apprenticeship trade certificate/diploma

7.11 %

College/non-university certificate

25.82 %

University certificate (below bachelor)

0.99 %

University Degree

18.37 %

Commuter

Travel To Work

By Car

87.54 %

By Public Transit

3.21 %

By Walking

4.65 %

By Bicycle

0.0 %

By Other Methods

4.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

28.28 %

Houses

71.72 %

Own Vs. Rent