10 - 242 PENETANGUISHENE ROAD - Main photo, Barrie (Georgian Drive), Ontario

10 - 242 PENETANGUISHENE ROAD - Photo 2 of 11, Barrie (Georgian Drive), Ontario

10 - 242 PENETANGUISHENE ROAD - Photo 3 of 11, Barrie (Georgian Drive), Ontario

10 - 242 PENETANGUISHENE ROAD - Photo 4 of 11, Barrie (Georgian Drive), Ontario

10 - 242 PENETANGUISHENE ROAD - Photo 5 of 11, Barrie (Georgian Drive), Ontario

+6 photos

10 - 242 PENETANGUISHENE ROAD - Photo 1 of 11, Barrie (Georgian Drive), Ontario

1 / 11

$449,999

10 - 242 PENETANGUISHENE ROAD — Barrie (Georgian Drive), Ontario

L4M7C2

RE/MAX HALLMARK REALTY LTD.

MLS® S13857138

4Beds

4Baths

1Parking

About This Property

**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. (id:63357)

RE/MAX HALLMARK REALTY LTD.MLS® S13857138

Property Location

Map

Property Details

Property Type: Condo
Bedrooms: 4
Bathrooms: 4
Stories: 2.0
Status: Active
MLS® Number: S13857138

Location & Neighborhood

What's nearby 10 - 242 PENETANGUISHENE ROAD

Nearby Schools

Johnson Street
School
1.1 km
Eastview
School
1.1 km
St. Joseph’s
School
2.8 km
Algonquin Ridge
School
4.4 km
Barrie North
School
3.4 km

Parks & Recreation

Hickling Park
park
0.3 km
Cheltenham Park
park
0.5 km
Maitland Park
park
0.6 km

Transit Access

Hickling Trail
Bus Stop
0.5 km
Johnson at Mayor
Bus Stop
0.5 km
Cheltenham Road
Bus Stop
0.6 km
Johnson at Grove
Bus Stop
0.6 km
Johnson at Hickling Trail
Bus Stop
0.7 km

POI data updated 10/2/2026

Last updated: Oct 3, 2026

Keep Browsing

All Barrie Homes

Browse all listings

Condos in Barrie (Georgian Drive)

Similar property type

Under $500K

Similar price range

Explore Barrie (Georgian Drive)

All Barrie

Browse all properties

Barrie (Georgian Drive) Articles Market Insights

Similar Properties

The data relating to real estate on this website comes in part from the MLS® Reciprocity program.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code.

The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

The listing content on this website is protected by copyright and other laws. Screen scraping, database scraping, and all other forms of automated data collection are prohibited.