Unit 10, 242 Penetanguishene Road
Barrie (Georgian Drive), ON L4M 7C2
- 4Bedrooms
- 4Bathrooms
- 1Parking
- 1400–1599Sq Ft
- $3,566Tax
- $429/moCondo Fee
Estimated Value:$429,843See Free Estimate Report
Sale & Price History for Unit 10, 242 Penetanguishene Road, Barrie, Georgian Drive
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 10, 242 Penetanguishene Road, Barrie, Georgian Drive
Summarized Description
- Turnkey investment with tenants in place.
- Generates $3,300/month in rental income.
- Offers 9.9% gross rental yield.
- New washer and dryer installed in 2023.
- Immediate cash flow from day one.
- Additional parking can be purchased.
- Ideal for experienced investors.
- Opportunity for multiple income streams.
**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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,566
- Land Transfer Tax Fee
- $5,475
Condo/Maintenance Fee
- Maintenance Fee
- $429 /month
Included In Maintenance Fee
- Common Elements Included
- Building Insurance Included
- Parking Included
Rental Items
- Rental Equipment
- Hot water tank
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Ensuite
- Interior Extras
- Primary Bedroom - Main Floor, Water Heater
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Townhouse
- Building Style
- 2-Storey
- Condo Corp Number
- 420
Construction
- Exposure
- South
- Exterior Finish
- Brick
- Special Designation
- Unknown
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- Exclusive
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 4
- Washrooms
- 4
- Kitchens
- 1
Room sizes
- Bedroom—Main level, 3 Pc Ensuite
- Bedroom—Second level, 3 Pc Ensuite
- Bedroom—Second level, 3 Pc Ensuite
- Kitchen—Main level
- Bedroom—Main level, 3 Pc Ensuite
- Living Room—Main level
Washrooms
- 3-piece, Main
- 3-piece, Second
- Municipality
- Barrie
- Neighbourhood
- Georgian Drive
- Main cross streets
- Penetanguishene Rd & Grove St E
- Directions
- Penetanguishene Rd & Grove St E
- MLS® number
- S13857138
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-02
- Updated on
- 2026-10-09
- Days on market
- 22 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- RE/MAX HALLMARK REALTY LTD.
Home Market Value
Current home valuation for Unit 10, 242 Penetanguishene Road, Barrie, Georgian Drive, Barrie, ON. Listed for $449,999
HOMEH Estimate
$429,843
Estimated Sales Range
$339,576 - $520,110
HOMEH Estimate for Unit 10, 242 Penetanguishene Road, Barrie, Georgian Drive
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$22,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $17,100 | $12,555 | $10,710 | $0 |
=Total mortgage | $444,599 | $417,554 | $393,209 | $359,999 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,171monthly | $2,039monthly | $1,920monthly | $1,758monthly |
Land Transfer Tax
$5,475
$5,475
Around this home
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