242 Penetanguishene Road 10
Georgian Drive · Barrie, ON L4M 7C2
Listing brokerage: RE/MAX HALLMARK REALTY LTD.
Asking price
$449,999
Key facts
- Condo THProperty type
- 4Bedrooms
- 4Bathrooms
- 1 spaceParking
- 1,500 sq ftLiving space
- Oct 2, 2026Listed
- 38 daysOn market
- S13857138MLS® number
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.
Price history
- Listed$449,999
Location
242 Penetanguishene Road 10, Barrie
Schools & transit
School locations and boards shown from open data. We do not publish rankings; any future scores will be sourced, dated and shown factually.
Nearby schools
- Johnson Street Public SchoolSimcoe County DSB · Elementary · 1.1 km in a straight lineBoundary data unavailable for this board — we don't guess catchment lines.
- Eastview Secondary SchoolSimcoe County DSB · Secondary · 1.1 km in a straight lineBoundary data unavailable for this board — we don't guess catchment lines.
- St Monicas Separate SchoolSimcoe Muskoka CDSB · Elementary · 1.5 km in a straight lineBoundary data unavailable for this board — we don't guess catchment lines.
Nearby transit
Lines nearby: GO Barrie, 68
- Yonge St. @ Little Ave.GO Transit · 4.8 km in a straight line · about 60 min walk (estimate) · 68
- Allandale Waterfront GOGO Transit · 4.9 km in a straight line · about 61 min walk (estimate) · GO Barrie, 68
- Burton Ave. @ Bayview Dr.GO Transit · 5.0 km in a straight line · about 63 min walk (estimate) · 68
Sources
- Contains information licensed under the Open Government Licence – Ontario. Source: Ontario Ministry of Education.
- Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service.
MLS® #S13857138
Last updated Oct 9, 2026
MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA)/the applicable board and identify the quality of services provided by real estate professionals who are members.
Listing data is provided under licence by the Toronto Regional Real Estate Board and is deemed reliable but not guaranteed accurate.
