Salehian.com 647-325-5000

242 Penetanguishene Road 10

Georgian Drive, Barrie, L4M 7C2

$449,999

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  • 4 bedrooms
  • 4 bathrooms
  • 1 parking
  • 1400-1599 sq ft

Listed 18 days ago · MLS® S13857138

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.

Details

Type
Condo Townhouse
Style
2-Storey
Size
1400-1599 sq ft
Basement
None
Garage
None
Kitchens
1
Property tax
$3,566 (2026)
Maintenance fee
$429/month
Neighbourhood
Georgian Drive
Municipality
Barrie
Price per sq ft
$300 (4% below condo townhouses in Georgian Drive, $314)

Interior

Bedrooms
4 above ground
Bathrooms
2 × 3-piece (main), 2 × 3-piece (second)
Rooms
9 above ground
Family room or den
No
Fireplace
No
Laundry
Ensuite
Features
Primary Bedroom - Main Floor, Water Heater

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
2-Storey
Exterior
Brick

Parking

Total parking
1
Driveway and parking
Reserved/Assigned

Condo

Monthly fee
$429
Fee includes
Common Elements Included, Building Insurance Included, Parking Included
Exposure
South
Pets
Yes-with Restrictions
Property manager
Bayshore Property Management

More

Possession
TBD
Cross street
Penetanguishene Rd & Grove St E

Rooms

RoomLevelSizeFeatures
Living RoomMain4.87 × 3.66 m (16' × 12')
KitchenMain4.87 × 2.44 m (16' × 8')
BedroomMain3.35 × 2.59 m (11' × 8'6")3 Pc Ensuite
BedroomMain3.96 × 2.43 m (13' × 8')3 Pc Ensuite
BedroomSecond3.35 × 2.43 m (11' × 8')3 Pc Ensuite
BedroomSecond3.35 × 2.43 m (11' × 8')3 Pc Ensuite

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Car-dependent

  • 🚆 Allandale Waterfront GO4.8 km

Within a 10-minute walk: no grocery stores, 0 cafés and restaurants, 5 parks. Nearest park: Hickling Park (400 m).

Schools nearby

Elementary

  • Johnson Street Public School
    EQAO: Gr 6 reading 83%, math 50%    15 min walk

Secondary

  • Eastview Secondary Public School
    EQAO: Gr 9 math 67%, literacy test 87%    17 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L4M

Owners / renters
62% / 38%
Median household income
$87,000
Average age
40
Children under 15
16%
Homes
56% detached, 9% high-rise
Commute by transit
5%
Population
46,902

Languages spoken most at home besides English: Mandarin 0.8%, Punjabi (Panjabi) 0.8%, Spanish 0.7%, Russian 0.5%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Barrie police: 59 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 87 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX HALLMARK REALTY LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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