$1,499,990 $8,052 est/mo Sourced by Back At You

158 Penetang Street,Barrie, ON L4M 1V8

Barrie ON, L4M 1V8

Share with a friend

Description

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.

Details

MLS#40596783
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1955
Days On Site49
Listing Provided ByEXP Realty Brokerage | Spencer-Kaleb Yankowski

Features

Bed(s)10
Bath(s)5
SQ Feet4,076
BasementY
Story(s)2
Units5
ZoningNL2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 3 minutes ago
ProvinceON
CountySimcoe County
CityBarrie
Postal CodeL4M 1V8
AreaBarrie
SubareaBA03 City Centre
Community NameBA03 City Centre
Listing VS Median (in BA03 City Centre)
Price:
$1,499,990
low | high
Med:
$590,000
100% of Average
SqFt:
4,076
low | high
Med:
1,001
100% of Average
$ / SqFt:
$368
low | high
Med:
$589
10.16357191965% of Average
On Site:
49
low | high
Med:
73.000000
67.123287671233% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 2:33:22 PM PDT