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CAONBarrieWard 3158 Penetang St
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158 Penetang St, Barrie, ON

Real Estate

Sold

$X
$1,425,000

1056

MLS® 40640665

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 4076 sqft
Garage No
Taxes $8,459
Lot Size 
Approx. Age 1955
Avg. Price Per Sqft $349
MLS® Number 40640665

Property Address: 158 Penetang St, Barrie, ON, L4M1V8

Average square foot calculated using Size range provided by listing agent.

Description

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 grade—buyer 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.Show Description
MLS® Number40640665
Laundry LevelIn-Suite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1955
BasementFull, Partially Finished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Other, Fridge (X5), Stove (X5), Washer (X5), Dryer (X5).

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Destination Address
158 Penetang St, Barrie, ON

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