57 Penetang Street Barrie (Codrington), Ontario L4M 1V5
$699,900
Versatile RM2-zoned duplex offering both immediate income and long-term growth potential. Located at 57 Penetang, this property presents a rare opportunity for investors, multi-generational families, or those looking to live in one unit and rent the other.The large, deep yard invites you to explore the possibilities of adding a garden suite under Bill 23, offering another layer of future value and flexibility.The main unit features a spacious and bright two-bedroom layout filled with natural light. A main floor living room could easily serve as a third bedroom, and high ceilings blend the character of a century home with modern conveniences such as in-unit laundry. The result is a comfortable and attractive space for tenants or an owner-occupier.The second unit offers two well-sized bedrooms, a large living room, and an eat-in kitchen with charming finishes throughout. This unit also includes in-unit laundry and the added benefit of basement access, providing additional storage or hobby space that enhances overall appeal.Both units are fully self-contained, ensuring privacy and functionality for occupants. With RM2 zoning in place, there is strong potential for future redevelopment or intensification, whether that involves adding residential units, creating a garden suite, or pursuing other higher-density uses permitted under current zoning.This property's central location provides convenient access to amenities, schools, parks, and public transportation, making it desirable for tenants and supporting consistent rental demand.57 Penetang is a rare combination of immediate cash flow, future development potential, and a flexible layout that accommodates a range of living arrangements. Whether you are an investor seeking a solid addition to your portfolio or a buyer looking for a home with income to offset expenses, this property delivers exceptional value today and promising upside for the future. (id:63244)
Property Details
| MLS® Number | S12483845 |
| Property Type | Multi-family |
| Community Name | Codrington |
| Amenities Near By | Schools |
| Features | Level Lot |
| Parking Space Total | 4 |
| Structure | Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Age | 100+ Years |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Type | Partial |
| Cooling Type | None |
| Exterior Finish | Wood, Vinyl Siding |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1500 - 2000 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Schools |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 184 Ft |
| Size Frontage | 52 Ft |
| Size Irregular | 52 X 184 Ft |
| Size Total Text | 52 X 184 Ft |
| Zoning Description | Rm2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 4 | 3.1 m | 2.44 m | 3.1 m x 2.44 m |
| Second Level | Bedroom 5 | 3 m | 4.29 m | 3 m x 4.29 m |
| Second Level | Living Room | 3.57 m | 4.57 m | 3.57 m x 4.57 m |
| Second Level | Kitchen | 3.94 m | 2.49 m | 3.94 m x 2.49 m |
| Main Level | Kitchen | 5.19 m | 4.13 m | 5.19 m x 4.13 m |
| Main Level | Living Room | 5.18 m | 4.43 m | 5.18 m x 4.43 m |
| Main Level | Bedroom | 3.3 m | 3.02 m | 3.3 m x 3.02 m |
| Main Level | Bedroom 2 | 3.11 m | 3.68 m | 3.11 m x 3.68 m |
| Main Level | Living Room | 3.56 m | 4.57 m | 3.56 m x 4.57 m |
https://www.realtor.ca/real-estate/29035886/57-penetang-street-barrie-codrington-codrington
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October 27 2025 05:54:32
Toronto Real Estate Board
Century 21 B.j. Roth Realty Ltd.