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$559,900
Penetanguishene
19 Bridle Road, Penetanguishene, Ontario, L9M1J5
This 5-bedroom, 2-bathroom home in Penetanguishene is for sale offering roughly 1,300 sq ft of space. Listed at $559,900, it is attractively priced about 19% below the $689,777 median asking price in Penetanguishene. It has been on the market 19 days, fresher than the Penetanguishene average of 65 days.
Welcome to this versatile raised bungalow in Penetanguishene, offering an excellent opportunity for homeowners, investors or those seeking multi-generational living! The main level offers a functional layout and features an open-concept kitchen, living and dining area, three bedrooms and a full bathroom. The attached garage offers convenient inside entry, adding to the home's everyday functionality. The lower level features a separate entrance leading to a spacious two-bedroom apartment, complete with its own kitchen, living and dining areas, full bathroom and laundry facilities. This flexible layout offers fantastic income potential, with the opportunity to offset mortgage costs or comfortably accommodate extended family. There is a second hydro meter installed for second unit that is currently inactive, as well as an existing electrical hydro hook up for a generator. Outside, the fully fenced backyard and deck provide a great space for relaxing, entertaining and enjoying the outdoors. With five bedrooms, two full bathrooms and two distinct living spaces, this property offers a wonderful combination of comfort, versatility and investment potential in the welcoming community of Penetanguishene. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 65 days across the listings currently for sale in this city
This 5-bed single family in Penetanguishene has been listed for 19 days, which is 46 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $559,900, about 7.4× the local median household income of $76,000.
Carrying it typically needs a household income of about $109,368 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice