Matthew Tenk
Broker of Record
158 Penetang Street Barrie (Codrington), Ontario L4M 1V8
$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:39551)
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 |
| Fireplace Present | No |
| 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 | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.2 m | 3.01 m | 4.2 m x 3.01 m |
| Second Level | Bedroom | 2.93 m | 2.4 m | 2.93 m x 2.4 m |
| Main Level | Kitchen | 4.03 m | 2.96 m | 4.03 m x 2.96 m |
| Main Level | Living Room | 5.21 m | 3.12 m | 5.21 m x 3.12 m |
https://www.realtor.ca/real-estate/27358501/158-penetang-street-barrie-codrington-codrington
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Toronto Real Estate Board
Exp Realty
September 04 2024 02:31:52
