158 Penetang Street Barrie, Ontario L4M 1V8

10 Bedroom 5 Bathroom
Forced Air


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:27910)

Property Details

MLS® Number S8395438
Property Type Multi-family
Community Name Codrington
Amenities Near By Public Transit, Park, Schools
Features Irregular Lot Size, Flat Site
Parking Space Total 6


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


Acreage No
Land Amenities Public Transit, Park, Schools
Sewer Sanitary Sewer
Size Irregular 76 X 107.26 Ft
Size Total Text 76 X 107.26 Ft|under 1/2 Acre


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