10 - 242 PENETANGUISHENE ROAD, Barrie (Georgian Drive)
$449,999
For sale: Townhouse
- Property type
- Condo Townhouse
- Bedrooms / bathrooms
- 4 bedrooms, 4 bathrooms
- Living area
- 1,599 sqft
- MLS®
- MLS® S13857138
- Neighbourhood
- Georgian Drive
**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.
Sold data
Homes in Georgian Drive — recent sold market
Homes in Georgian Drive took a median of 25 days to sell over the last 365 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 46, across 46 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $550,000.
Homes sold for about 4.1% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
- Median days to sell
- 25
- Median sale price
- $550,000
- Sale-to-list ratio
- 95.9%
- Sold above asking
- 7%
Based on 46 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Barrie (Georgian Drive)
Barrie (Georgian Drive) has 49 Fraser Institute–rated schools (39 elementary and 10 secondary), averaging 5.8/10.
- Rated schools
- 49
- Elementary
- 39
- Secondary
- 10
- Average rating
- 5.8 / 10
Top-rated schools in Barrie (Georgian Drive)
- Hewitt's Creek — elementary, BarrieFraser rating 8.7/10
- Codrington — elementary, BarrieFraser rating 8.0/10
- Sister Catherine Donnelly — elementary, BarrieFraser rating 8.0/10
- Roméo Dallaire — secondary, BarrieFraser rating 7.8/10
- St Catherine of Siena — elementary, BarrieFraser rating 7.6/10
- Terry Fox — elementary, BarrieFraser rating 7.1/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 10 - 242 PENETANGUISHENE ROAD
$509,000
Townhouse331,000–1,199 sqft8 - 233 INNISFIL STREET, Allandale Centre, Barrie
$639,900
Townhouse331,600–1,799 sqft40 - 24 HUGHES LANE, Tottenham, New Tecumseth
$699,000
Townhouse332,000–2,249 sqft9 - 40 BAYNES WAY, Bradford, Bradford West Gwillimbury
$374,999
Townhouse4+131,200–1,399 sqft10 - 32 SAWMILL ROAD, Ardagh, Barrie
$610,000
Townhouse331,100–1,500 sqft10 MCAUSH STREET, Rural Barrie Southeast, Barrie
$609,900
Townhouse331,100–1,500 sqft57 WINCHESTER TERRACE, Rural Barrie Southeast, Barrie
$555,000
Townhouse341,500–2,000 sqft57 SURF DRIVE, Wasaga Beach, Wasaga Beach
$669,900
Townhouse331,100–1,500 sqft100 SWENSON STREET, Alliston, New Tecumseth