Listed by Exp Realty.

158 Penetang Street is a Multiplex, 2-Storey and is currently for Sale @ $1,425,000. Taxes in 2024 were $8,458.85.

More homes for sale under 1.4M in Barrie

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. The 2-Storey on 158 Penetang Street has 9 bedrooms, 5 bathrooms, and is located on a 107.26 x 76.00 ft loton < .50 acres in the community of Codrington .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.

The address 158 Penetang Street was listed for sale (MLS# S9296865) on Tuesday, September 03, 2024.