158 Penetang Street, Barrie, ON, L4M 1V8

$1,425,000

MLS® # 40640665

Investment For Sale In Barrie, Ontario

$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 grade—buyer 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.

Inclusions: Other,Fridge (X5), Stove (X5), Washer (X5), Dryer (X5).

Exclusions : Tenant Belongings.

Building Features:

  • Floor Space: 4076 Square Feet

Property Features:

  • Bedrooms: 10
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Built in: 1955
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Exterior Features: Year Round Living
  • Floor Space (approx): 4076 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 107.26 Feet
  • Lot Features: Irregular Lot, Park, Place of Worship, Public Transit, Schools
  • Lot Frontage: 76.00 Feet
  • Road Frontage Type: Municipal Road, Year Round Road
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: NL2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: EXP Realty Brokerage

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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