158 Penetang Street, Barrie Codrington
- Bedrooms: 10
- Bathrooms: 5
- Added: 16 days ago
- Updated: 15 days ago
- Last Checked: 19 hours ago
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:1945)
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Property Details
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Other
- Exterior Features: Brick
- Foundation Details: Poured Concrete
Interior Features
- Basement: Partially finished, Full
- Appliances: Washer, Refrigerator, Stove, Dryer
- Bedrooms Total: 10
Exterior & Lot Features
- Lot Features: Irregular lot size, Flat site
- Water Source: Municipal water
- Parking Total: 6
- Building Features: Separate Electricity Meters
- Lot Size Dimensions: 76 x 107.26 FT
Location & Community
- Directions: Duckworth St/Penetang St
Utilities & Systems
- Sewer: Sanitary sewer
Tax & Legal Information
- Tax Annual Amount: 8458.85
- Zoning Description: NL2
Room Dimensions
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