10 - 242 Penetanguishene Road, Barrie, ON L4M 7C2
Georgian Drive, Barrie · Near Penetanguishene Rd & Grove St E · View map
About this home
**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.
The home
- Type
- Condo townhouse
- Style
- 2-Storey
- Square footage
- 1400-1599 sq ft
- Bedrooms
- 4
- Bathrooms
- 4
- Kitchens
- 1
- Rooms
- 9
- Basement
- None
- Faces
- South
- Level
- 1
- Laundry
- Ensuite
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $428.76/mo
- Fee includes
- Common Elements, Building Insurance, Parking
- Complex
- SSCC 420
- Property management
- Bayshore Property Management
- Pets
- Allowed, with restrictions
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Total parking
- 1
- Parking features
- Reserved/Assigned
Taxes & other
- Property taxes
- $3,566/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Penetanguishene Rd & Grove St E
- Neighbourhood
- Georgian Drive
More
- Price per sq ft
- ~$300 (at 1,500 sq ft)
- Listed
- Oct 2, 2026 · 8 days ago
- MLS® number
- S13857138
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The home and its surroundings
- Primary Bedroom - Main Floor
- Water Heater
Included in the maintenance fee
- Common Elements
- Building Insurance
- Parking
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
242 Penetanguishene Road, Barrie, ON L4M 7C2
Georgian Drive, Barrie · Near Penetanguishene Rd & Grove St E
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Listing history for 242 Penetanguishene Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every townhouse.
Frequently asked questions about 10 - 242 Penetanguishene Road
Answers come straight from this home’s MLS® listing.
How much is 10 - 242 Penetanguishene Road listed for, and what would it cost each month?
10 - 242 Penetanguishene Road is listed for $449,999. With 20% down ($90,000), the mortgage payment would be roughly $1,815 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $2,541 a month, all in. That figure is an illustration, not a quote.
Is 10 - 242 Penetanguishene Road a freehold or a condo townhouse, and is there a monthly fee?
10 - 242 Penetanguishene Road is a condo townhouse in Georgian Drive, Barrie. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $428.76 a month. The listing says it covers common elements, building insurance, parking. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 10 - 242 Penetanguishene Road have?
10 - 242 Penetanguishene Road has 4 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 10 - 242 Penetanguishene Road have a garage and parking?
The listing does not show a garage. In total the listing counts 1 parking space.
Does 10 - 242 Penetanguishene Road have a finished basement?
No. The listing shows no basement for this home.
How big is 10 - 242 Penetanguishene Road?
The listing puts the home between 1,400 and 1,599 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 10 - 242 Penetanguishene Road heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 10 - 242 Penetanguishene Road?
Property taxes are $3,566 a year (2026), or about $297 a month.
Are pets allowed at 10 - 242 Penetanguishene Road?
Pets are allowed, with restrictions. A townhouse complex can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 10 - 242 Penetanguishene Road?
10 - 242 Penetanguishene Road is in the Georgian Drive community of Barrie. The nearest main intersection is Penetanguishene Rd & Grove St E. The postal code is L4M 7C2.
How long has 10 - 242 Penetanguishene Road been on the market?
10 - 242 Penetanguishene Road was listed on October 2, 2026. It has been on the market for 8 days. It is an active listing (MLS® S13857138). Listings here update from the board through the day and come down once a home sells.
What are similar townhouses near 10 - 242 Penetanguishene Road asking?
Similar townhouses for sale nearby right now include 7 - 250 Penetanguishene Road at $449,000 (4 bed), 14 - 250 Penetanguishene Road at $445,000 (4 bed) and 8 - 252 Penetanguishene Road at $429,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 242 Penetanguishene Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 10 - 242 Penetanguishene Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this townhouse and get an answer, usually within the hour.
Similar townhouses nearby
More townhouses for sale near Georgian Drive, picked by type, size and price.
Condo townhouse$449,0007 - 250 Penetanguishene Road, Barrie4 bed · 4 bath · Georgian DriveCourtesy of: VALERY REAL ESTATE INC.View townhouse →
Stacked townhouse$445,00014 - 250 Penetanguishene Road, Barrie4 bed · 4 bath · Georgian DriveCourtesy of: VALERY REAL ESTATE INC.View townhouse →
Stacked townhouse$429,9008 - 252 Penetanguishene Road, Barrie4 bed · 4 bath · Georgian DriveCourtesy of: RE/MAX REALTRON REALTY INC.View townhouse →Courtesy of: RE/MAX HALLMARK REALTY LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.