$449,999
Est. payment $1,992/moCalculate yours
242 Penetanguishene Road 10, Barrie, ON L4M 7C2
Georgian Drive, Barrie, ON L4M 7C2
- 4 Beds
- 4 Baths
- 1,400 Sq Ft
Listing courtesy of RE/MAX HALLMARK REALTY LTD. MLS® S13857138
About this home
**TURNKEY INVESTMENT OPPORTUNITY!** Welcome to 10-242 Penetanguishene Road. A unique and income producing townhouse offering an excellent opportunity for investors seeking strong rental income with tenants already in place. The property generates $3,300/month in gross rental income. This fully tenanted property offers immediate cash flow from day one. New washer and dryer were installed in 2023. At an asking price of $449,999, the property offers an approximate 9.9% gross rental yield with estimated known annual expenses of approximately $12,652 and an estimated NOI of approximately $26,948 before maintenance, vacancy and other potential operating expenses. Additional parking can be purchased from management for a monthly fee. Whether you’re an experienced investor looking to add to your portfolio or searching for a property with multiple income streams, this is an opportunity worth exploring.
Property details
Overview
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,400 sqft
Interior
- Bedrooms
- 4
- Bathrooms
- 4
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
Lot & Parking
- Parking
- None garage · 1 total
Financial
- Property Taxes
- $3,566 (2026)
- Condo Fee
- $429/mo
- Fee Includes
- Common Elements Included, Building Insurance Included, Parking Included
- Pets
- Yes-with Restrictions
Location
- Neighbourhood
- Georgian Drive
- Cross Street
- Penetanguishene Rd & Grove St E
Listing
- MLS® Number
- S13857138
- Days on Market
- 16
- Listed On
- 2026-10-02
- Possession
- TBD
- Listed By
- RE/MAX HALLMARK REALTY LTD.
Rooms
Features
Interior
- Primary Bedroom - Main Floor
- Water Heater
- Rental items
- Hot water tank
Mortgage calculator
Estimated mortgage payment
$1,992 per month
- Principal and interest
- $1,992
- Property tax
- $297
- Condo fees
- $429
- Estimated monthly cost
- $2,718
Your mortgage
- Mortgage amount
- $359,999
- Mortgage insurance
- Not needed
- Interest over 25 years
- $237,750
Cash to close
- Down payment
- $90,000
- Land transfer tax
- $5,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $95,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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