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158 PENETANG Street Barrie
  • 158 PENETANG Street Barrie
  • 158 PENETANG Street Barrie

158 PENETANG Street, Barrie, Ontario

$1,499,990

  • 10 Beds
  • 5 Baths
  • 4,076 Square Feet

5% Cap Rate!! Over 35K of updates to be completed before closing!! Professionally managed 5-unit property, all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This 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. Each unit has the upside potential for additional bedroom and bathroom below grade - buyer or buyers agent to do diligence*. The property benefits from a paved driveway completed in 2022 and a newer rear fence, adding to its curb appeal and functionality. Each unit is equipped with separate electrical breaker panels and heating system for convenience and utility efficiency. LOCATION, LOCATION, Ideally situated close to various amenities, including major shopping centres such as Georgian Mall and Bayfield Mall, the property offers residents ample shopping and dining options. It is also conveniently located near public transit routes, minutes to Kempenfelt Park, Downtown Barrie, Georgian College, and the RVH. This 5-plex represents a seamless investment opportunity with a strong rental income and professional management in place, ensuring a stress-free ownership experience. Financial details are available upon request. (id:56241)

  • Listing ID: 40596783
  • Property Type: Multi-family
  • Year Built: 1955
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Details

  • Amenities Nearby: Park, Place of Worship, Public Transit, Schools
  • Equipment: Furnace, Water Heater
  • Ownership: Freehold
  • Parking Spaces: 6
  • Rental Equipment: Furnace, Water Heater
  • Transaction: For sale
  • Zoning Description: NL2

Building

  • BasementType: Full (Partially finished)
  • Basement Development: Partially finished
  • Constructed Date: 1955
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 5
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 4076 sqft
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Access Type: Road access
  • Amenities: Park, Place of Worship, Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 76 ft
MLS®

Listing provided by EXP Realty Brokerage
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REALTOR®

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 158 PENETANG Street in Barrie Ontario, was last modified on June 1st, 2024. Contact Candace Armstrong to schedule a viewing or to find other properties for sale in Barrie.

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