Barrie, ON
242 Penetanguishene Road
$449,999
Data last updated Nov 1, 2026, 7:21 p.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $449,999
- Type
- condo townhouse
- Bedrooms
- 4
- Bathrooms
- 4
- MLS®
- S13857138
- Status
- active
- Brokerage
- RE/MAX HALLMARK REALTY LTD.
About this home
**TURNKEY INVESTMENT OPPORTUNITY!** Welcome to 10-242 Penetanguishene Road. A unique and income producing townhouse offering an excellent opportunity for investors seeking strong rental income with tenants already in place. The property generates $3,300/month in gross rental income. This fully tenanted property offers immediate cash flow from day one. New washer and dryer were installed in 2023. At an asking price of $449,999, the property offers an approximate 9.9% gross rental yield with estimated known annual expenses of approximately $12,652 and an estimated NOI of approximately $26,948 before maintenance, vacancy and other potential operating expenses. Additional parking can be purchased from management for a monthly fee. Whether you're an experienced investor looking to add to your portfolio or searching for a property with multiple income streams, this is an opportunity worth exploring.
Location
More details
- Property tax
- $3,566 (2026)
- Days on market
- 32
- Style
- 2-Storey
- Parking
- 1 spaces · None
- Maintenance fee
- $429/mo
- Basement
- None
- Heating
- Forced Air
- Air conditioning
- Central Air
- Exposure
- South
- Neighbourhood
- Georgian Drive
- Major intersection
- Penetanguishene Rd & Grove St E
Rooms
| Room | Level | Size (m) | Features |
|---|---|---|---|
| Bedroom | Main | 3.96 × 2.43 | 3 Pc Ensuite |
| Bedroom | Second | 3.35 × 2.43 | 3 Pc Ensuite |
| Bedroom | Second | 3.35 × 2.43 | 3 Pc Ensuite |
| Kitchen | Main | 4.87 × 2.44 | — |
| Bedroom | Main | 3.35 × 2.59 | 3 Pc Ensuite |
| Living Room | Main | 4.87 × 3.66 | — |
Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.
About Barrie
Barrie pairs city services and employment with a walkable waterfront and direct access to the recreation of Simcoe County.
Barrie market, September 2026
- Median sold price
- $637,000
- Avg. days on market
- 45
- Sale-to-list
- 97.2%
120 residential sales. Source: TRREB MLS® data via PropTx. Aggregates only.
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