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    5% Cap Rate!! Over 35K of updates to be completed before closing!! Professionally managed 5-unit property, all tenant-occupied on a month-to-month basis, generating a total monthly income of $7,459.53. This maintained property offers an attractive annual gross income of $89,514.36, making it an excellent investment opportunity. Each of the 2-bedroom units features 1 bathroom. Each unit has the upside potential for additional bedroom and bathroom below grade - buyer or buyers agent to do diligence*. The property benefits from a paved driveway completed in 2022 and a newer rear fence, adding to its curb appeal and functionality. Each unit is equipped with separate electrical breaker panels and heating system for convenience and utility efficiency. LOCATION, LOCATION, Ideally situated close to various amenities, including major shopping centres such as Georgian Mall and Bayfield Mall, the property offers residents ample shopping and dining options. It is also conveniently located near public transit routes, minutes to Kempenfelt Park, Downtown Barrie, Georgian College, and the RVH. This 5-plex represents a seamless investment opportunity with a strong rental income and professional management in place, ensuring a stress-free ownership experience. Financial details are available upon request. (id:24093)
    Listed by Spencer-Kaleb Yankowski of EXP Realty Brokerage

    Property Details of 158 Penetang Street

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    "Based on information submitted to CREA as of June 13, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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