![158 Penetang St, Barrie, ON](https://media.unreserved.com/residential-listing/lW58q/images/YAP-8uLeQIWBq9dMFPDeZw_570_460_f.jpeg)
Quick Summary
Quick Summary
- Professionally managed 5-unit property
- Attractive annual gross income of $89,514
- Excellent investment opportunity with 5% cap rate
- Newer paved driveway and rear fence for curb appeal
- Separate electrical and heating systems for efficiency
- Conveniently located near shopping, transit, and amenities
- Stress-free ownership with professional management
- Potential to add bedrooms and bathrooms in units
5% Cap Rate!! Over 35K of updates to be completed before closing!! Professionally managed 5-unit property, all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This maintained property offers an attractive annual gross income of $89,514.36, making it an excellent investment opportunity. Each of... Show More
5% Cap Rate!! Over 35K of updates to be completed before closing!! Professionally managed 5-unit property, all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This 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. Each unit has the upside potential for additional bedroom and bathroom below grade - buyer or buyers agent to do diligence*. The property benefits from a paved driveway completed in 2022 and a newer rear fence, adding to its curb appeal and functionality. Each unit is equipped with separate electrical breaker panels and heating system for convenience and utility efficiency. LOCATION, LOCATION, Ideally situated close to various amenities, including major shopping centres such as Georgian Mall and Bayfield Mall, the property offers residents ample shopping and dining options. It is also conveniently located near public transit routes, minutes to Kempenfelt Park, Downtown Barrie, Georgian College, and the RVH. This 5-plex represents a seamless investment opportunity with a strong rental income and professional management in place, ensuring a stress-free ownership experience. Financial details are available upon request.
Property Details
Size
Parking
Build
Heating & Cooling
Utilities
Rooms
Kitchen
9′8″ x 13′2″
Living
10′2″ x 17′1″
Prim Bdrm
9′10″ x 13′9″
Br
7′10″ x 9′7″
Ownership Details
Ownership
Taxes
Source
Listing Brokerage
Book A Private Showing
For Sale Nearby
Sold Nearby
![156 Penetang St, Barrie, ON](https://media.unreserved.com/residential-listing/rr5jA/images/S8eLY1lJR3GJFzk5ZvyZ-Q_58_36_f.jpeg)
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