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158 Penetang Street Barrie, Ontario L4M 1V8

10 Bedroom 5 Bathroom 4076 sqft
None Forced Air

$1,499,990

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:31454)

Property Details

MLS® Number 40596783
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Public Transit, Schools
Equipment Type Furnace, Water Heater
Parking Space Total 6
Rental Equipment Type Furnace, Water Heater

Building

Bathroom Total 5
Bedrooms Total 10
Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1955
Cooling Type None
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 4076 Sqft
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 107 Ft
Size Frontage 76 Ft
Size Total Text Under 1/2 Acre
Zoning Description Nl2

https://www.realtor.ca/real-estate/26975790/158-penetang-street-barrie

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