$1,099,000

Investment For Sale In Penetanguishene, Ontario

$1,099,000

Property Information:

Top 5 Reasons You Will Love This Property: 1) Rare six-plex, one-story building offers convenience while being ideally situated in-town and within walking distance to amenities and the stunning Georgian Bay 2) One bedroom rents proven out to get $1750/month, when the remaining five units are renovated and brought to market rate potential to increase value by $1 million+ 3) $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents 4) Additional value opportunity with each unit having two parking spaces 5) Incredible opportunity to generate passive income. Visit our website for more detailed information.

Inclusions: Other,Fridge (X6), Stove (X6), Washer, Dryer.

Exclusions : Tenant's Belongings.

Building Features:

  • Floor Space: 4399 Square Feet

Property Features:

  • Bedrooms: 7
  • Acres Range: < 0.5
  • Basement: None
  • Built in: 1930
  • Construction Materials: Aluminum Siding
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 4399 Square Feet
  • Heating: Baseboard, Electric
  • Laundry Features: None
  • Lot Depth: 197.99 Feet
  • Lot Features: Other
  • Lot Frontage: 60.54 Feet
  • Parking Features: Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 10

Courtesy of: Faris Team Real Estate Brokerage, Faris Team Real Estate Brokerage (Midland)

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved