Barrie, ON L4M 1V8,158 Penetang Street
Barrie, ON L4M 1V8,158 Penetang Street
$1,250,000
Est. payment /mo
$1,425,000
12.3%
Est.Price: ?

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10 Beds
5 Baths
4,076 SqFt
SOLD DATE : 11/14/2024

Key Details

Sold Price $1,250,000

Property Type Multi-Family

Sub Type Multi-5 Unit

Listing Status Sold

Purchase Type For Sale

Square Footage 4,076 sqft

Price per Sqft $306

MLS Listing ID 40640665

Bedrooms 10

Year Built 1955

Annual Tax Amount $8,458

Property 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.

Location

Province ON

County Simcoe County

Area Barrie

Zoning NL2

Rooms

Kitchen 0

Interior

Heating Forced Air, Natural Gas

Cooling None

Laundry In-Suite

Exterior

Exterior Feature Year Round Living

Waterfront No

Roof Type Asphalt Shing

Building

Lot Description Irregular Lot, Park, Place of Worship, Public Transit, Schools

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

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