242 Penetanguishene Road 10, Barrie

$449,999
242 Penetanguishene Road 10

$449,999

New
21d
Condo Townhouse2-Storey

242 Penetanguishene Road 10, Barrie

Total Monthly Obligation $2,741

HausQ Valuation Report
Beds
4
Baths
4
Park
1
Sqft
1400-1599
DOM
21d
Score
18
Yield
5.3%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Townhouse
MLS® Number-S13857138
Beds-4
Bathrooms-4
Size-1400-1599 sqft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,566.04 (2026)
Maintenance-$428.76/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-Georgian Drive
Title-Residential Condo & Other

No agent assigned

**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.

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Closing Costs

Mortgage Amount
$359,999
Land Transfer Taxes$5,475
Legal Fees (Est.)
$
Total cash required for closing$96,975

Total Monthly Obligation

$2,741/mo
Mortgage $1,815
Monthly Loss $2,263
Principal$478
Interest$1,338
Property Tax$297
Condo Fees$429
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.9%0
5-Year IRR
6.5%16
10-Year IRR
8.1%
Returns Index
9.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$23,796/yr
NOI
$10,305/yr
Net Cash Flow
-$956/mo
Cash Margin
-48.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
27.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 242 Penetanguishene Road 10

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.