ON > Barrie
Barrie, ON L4M 1V8,158 Penetang ST
Barrie, ON L4M 1V8,158 Penetang ST
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 1,425,000
Est. payment | /mo

9 Beds

5 Baths

Save
$ 1,425,000
Est. payment | /mo
Save

9 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID S9296865

Style 2-Storey

Bedrooms 9

Annual Tax Amount $8,458

Tax Year 2024

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 gradebuyer 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

Area Codrington

Rooms

Family Room No

Basement Full, Partially Finished

Kitchen 5

Separate Den/Office 1

Interior

Interior Features Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Year Round Living

Garage Mutual

Garage Spaces 6.0

Pool None

Waterfront No

Roof Type Asphalt Shingle

Topography Flat

Parking Type None

Total Parking Spaces 6

Building

Unit Features Public Transit,Park,School

Foundation Poured Concrete

Listed by EXP REALTY
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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158 Penetang ST