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158 Penetang Street Barrie (Codrington), Ontario L4M 1V8

10 Bedroom 5 Bathroom
Forced Air

$1,425,000

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:48303)

Property Details

MLS® Number S9296865
Property Type Multi-family
Community Name Codrington
Amenities Near By Public Transit, Park, Schools
Equipment Type Water Heater
Features Irregular Lot Size, Flat Site
Parking Space Total 6
Rental Equipment Type Water Heater

Building

Bathroom Total 5
Bedrooms Above Ground 9
Bedrooms Below Ground 1
Bedrooms Total 10
Amenities Separate Electricity Meters
Appliances Dryer, Refrigerator, Stove, Washer
Basement Development Partially Finished
Basement Type Full (partially Finished)
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Other
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Park, Schools
Sewer Sanitary Sewer
Size Depth 107 Ft ,3 In
Size Frontage 76 Ft
Size Irregular 76 X 107.26 Ft
Size Total Text 76 X 107.26 Ft|under 1/2 Acre
Zoning Description Nl2

Rooms

Level Type Dimensions
Second Level Primary Bedroom 4.2 m x 3.01 m
Second Level Bedroom 2.93 m x 2.4 m
Main Level Kitchen 4.03 m x 2.96 m
Main Level Living Room 5.21 m x 3.12 m

https://www.realtor.ca/real-estate/27358501/158-penetang-street-barrie-codrington-codrington

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Exp Realty
4711 Yonge St 10/flr Ste B
Toronto, Ontario M2N 6K8

(866) 530-7737

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