This one's priced below recent comparable sales, and new this week. Here's everything I've got — ask me anything about it.
Barrie · Georgian Drive
242 Penetanguishene Road, Unit 10
Condo Townhouse
MLS® #S13857138
Listed for$449,9992 days on market
4 bed 4 bath 1 parking 1400-1599 sq ft~$300/sq ft
New this week
Transit stop ~480 m
Free · about 10 seconds
Is $449,999 a fair price?
Our read: it’s priced below recent comparable sales — based on 4 sales nearby. Sign in free to see exactly how far below it is, plus the full range comparable homes sold in.
Est. all-in monthly~$2,820/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.
Schools
Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.
Eastview Secondary SchoolPublic · Secondary · Simcoe County DSB1.0 km
Johnson Street Public SchoolPublic · Elementary & Secondary · Simcoe County DSB1.1 km
St Monicas Separate SchoolCatholic · Elementary & Secondary · Simcoe Muskoka CDSB1.5 km
Sevenoaks AcademyPrivate · Elementary & Secondary · ..1.8 km
Steele Street Public SchoolPublic · Elementary & Secondary · Simcoe County DSB1.9 km
Codrington Public SchoolPublic · Elementary & Secondary · Simcoe County DSB2.3 km
Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.
Getting around
Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.
Hickling TrailNearest transit · Bus stop~480 m
Allandale WaterfrontNearest GO / rail · GO / regional rail~4.9 km
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Barrie
147,829Population (2021)
39.2Median age
$93,000Median household income
67.7%Home owners
32.3%Renters
2.6Avg household size
Source: Statistics Canada, 2021 Census
Description & details
**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.
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by RE/MAX HALLMARK REALTY LTD.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.
For sale
Detached
Detached
Detached
Att/Row/Townhouse
Detached
Att/Row/Townhouse