$449,999

For sale

#26 137 Sydenham Wells, Barrie (Georgian Drive), Ontario, L4M0G7

1 bd1 ba1 pk750 ft²+$610/mo

Listed by REAL BROKER ONTARIO LTD.

#13 137 Sydenham Wells, Barrie (Georgian Drive), Ontario, L4M0G7

For sale

15 days ago

$476K

#13 137 Sydenham Wells, Barrie (Georgian Drive), Ontario, L4M0G7

2 bd2 ba1 pk950 ft²+$610/mo

Listed by KELLER WILLIAMS EXPERIENCE REALTY

#13 246 Penetanguishene Road, Barrie (Georgian Drive), Ontario, L4M7C2

For sale

47 days ago

$425K

#13 246 Penetanguishene Road, Barrie (Georgian Drive), Ontario, L4M7C2

4 bd4 ba1 pk1,300 ft²+$429/mo

Listed by RE/MAX EXPERTS

#8 15 Cheltenham Road, Barrie (Georgian Drive), Ontario, L4M0E7

For sale

49 days ago

$400K

#8 15 Cheltenham Road, Barrie (Georgian Drive), Ontario, L4M0E7

2 bd2 ba1 pk1,300 ft²+$672/mo

Listed by KELLER WILLIAMS EXPERIENCE REALTY

Investment analysis

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$449,999

Barrie

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#10 242 Penetanguishene Road, Barrie (Georgian Drive) - Single Family for Sale

#10 242 Penetanguishene Road, Barrie (Georgian Drive), Ontario, L4M7C2

4 beds4 baths1 parking1,500 ft²$429/mo condo feeListed 33 days ago

Overview

This 4-bedroom, 4-bathroom condo in Barrie is for sale offering roughly 1,500 sq ft of space. Its $449,999 asking price sits right in line with the $445,000 median in Barrie. It has been on the market 33 days, fresher than the Barrie average of 49 days.

Condos for Sale in Barrie →All real estate in Barrie →

Description

**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:66096)

Property Details

MLS®: S13857138
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 4
Parking: 1
Interior Size: 1,500 ft²
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $429/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,566.04/yr
Listed: 33 days ago

Rooms

Main level

Living room: 4.87 x 3.66 meters
Kitchen: 4.87 x 2.44 meters
Bedroom: 3.35 x 2.59 meters
Bedroom: 3.96 x 2.43 meters

Second level

Bedroom: 3.35 x 2.43 meters
Bedroom: 3.35 x 2.43 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Barrie (Georgian Drive) listings, avg age

49d

Price / ft²

$300

List price

$450K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 4-bed single family in Barrie (Georgian Drive) has been listed for 33 days, which is 16 days fresher than the city average of 49. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · DARYL KING

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4M)

This home lists at $449,999, about 5.2× the local median household income of $87,000.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.

Median household income: $87,000
Population: 46,902
Median age: 38
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L4M)

$449,999· $300/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,499.95

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,100 capitalized)

Property tax (est.)$297/mo

Condo fee$429/mo

Total monthly$3,096

Cash Needed to Close

Down payment (5%)$22,500

Land transfer tax$5,475

Est. closing costs$3,850

Total cash needed$31,825

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice