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158 PENETANG STREET Barrie
  • 158 PENETANG STREET Barrie
  • 158 PENETANG STREET Barrie

158 PENETANG STREET, Barrie, Ontario

$1,425,000

  • 10 Beds
  • 5 Baths

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:23309)

  • Listing ID: S9296865
  • Property Type: Multi-family
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Rooms

LevelTypeDimensions
Primary Bedroom Second level 4.2 m x 3.01 m
Bedroom Second level 2.93 m x 2.4 m
Kitchen Main level 4.03 m x 2.96 m
Living room Main level 5.21 m x 3.12 m

Details

  • Amenities Nearby: Public Transit, Park, Schools
  • Equipment: Water Heater
  • Features: Irregular lot size, Flat site
  • Parking Spaces: 6
  • Rental Equipment: Water Heater
  • Transaction: For sale
  • Zoning Description: NL2

Building

  • Amenities: Separate Electricity Meters
  • Appliances: Dryer, Refrigerator, Stove, Washer
  • BasementType: Full (Partially finished)
  • Basement Development: Partially finished
  • Bedrooms Main Level: 9
  • Bedrooms Lower Level: 1
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 5
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: Other
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Park, Schools
  • Sewer: Sanitary sewer
  • Size Frontage: 76 ft
  • Size Irregular: 76 x 107.26 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 158 PENETANG STREET in Barrie Ontario. It was last modified on September 3rd, 2024. Contact Jasmine Thiar to schedule a viewing or to discover other Barrie real estate for sale.

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