SoldMultiplex

40 & 42 Penetang Street

Name: 40 & 42 Penetang Street - Sold Jul 2023
Brand: SUTTON GROUP INCENTIVE REALTY INC., BROKERAGE
Price: 1435000 CAD
Availability: SoldOut

Barrie - City Centre

40 & 42 Penetang Street

Barrie - City Centre

Sold For$1,435,000

Listed For $1,650,000

Sold Jul 2023

8 + 2 Bedrooms Bedrooms

6 Bathrooms Bathrooms

0 Garage Garage

Description

Located Close To Downtown Barrie, There Are Two Neighboring Buildings That Offer A Prime Prospect For Building A Larger Structure Containing 25-30 Units. At Present, The Location Consists Of A Four Plex - Two Single-Bedroom Units And Two Double-Bedroom Units - At 40 Penetang St., And A Legal Duplex That Has Two Double-Bedroom Units At 42 Penetang St. These Properties Currently Generate A Combined Monthly Income Exceeding $7,900.00. The Property For The Proposed Construction Will Have A Road Frontage Of 102.7Ft And A Maximum Depth Of 208Ft.

Key facts for 40 & 42 Penetang Street

Tax$11,176 / 2023

Property TypeMultiplex, 2-Storey

Lot Size208.99 x 102.78 Feet

ParkingNone Spaces, Total 12 Spaces

Parking FeaturesFront Yard Parking

BasementApartment, Finished

Listing #S6051635

Days on Market--

Listing BrokerageSUTTON GROUP INCENTIVE REALTY INC., BROKERAGE

Data SourcePROPTX

Inquire with Realtris

(866) 511-7171

info@realtris.ca

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Home Price

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Cash Flow Analysis

Est. Mortgage Payment

$8,057/mo

Monthly Expenses & Income

Property Tax

Maint. / Fees

Est. Rental Income

$1.1% net yield

Net Monthly Cash Flow-$6,298

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