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 · 2-Storey
- Square footage
- 1400-1599 sq ft
- Bedrooms
- 4
- Bathrooms
- 4
- Kitchens
- 1
- Rooms
- 9
- Floor
- 1st
- Exposure
- South
- Balcony
- None
- Laundry
- Ensuite
Building & fees
- Maintenance fee
- $428.76/mo
- Fee includes
- Common Elements, Building Insurance, Parking
- Condo corporation
- SSCC 420
- Property management
- Bayshore Property Management
- Pets
- Allowed, with restrictions
- Locker
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Parking
- Parking spaces
- 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 · 7 days ago
- MLS® number
- S13857138
No matching details. Ask Will instead
Included in the maintenance fee
- Common Elements
- Building Insurance
- Parking
The unit and its surroundings
- Primary Bedroom - Main Floor
- Water Heater
- 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
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 242 Penetanguishene Road
See what this unit and others in the building 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 condo.
Frequently asked questions about 10 - 242 Penetanguishene Road
Answers come straight from this condo’s MLS® listing.
How much is 10 - 242 Penetanguishene Road listed for?
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, before the maintenance fee and property tax. That figure is an illustration, not a quote.
How many bedrooms and bathrooms does 10 - 242 Penetanguishene Road have?
10 - 242 Penetanguishene Road has 4 bedrooms and 4 bathrooms.
How big is 10 - 242 Penetanguishene Road?
The listing puts the unit between 1,400 and 1,599 sq ft. The board reports a range rather than an exact figure, and it does not include a balcony or terrace.
What type of home is 10 - 242 Penetanguishene Road?
10 - 242 Penetanguishene Road is a condo townhouse in Georgian Drive, Barrie. The unit is on the 1st floor, facing south.
What are the maintenance fees at 10 - 242 Penetanguishene Road, and what do they cover?
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.
Does 10 - 242 Penetanguishene Road come with parking and a locker?
The listing includes 1 parking space. There is no locker with the unit.
Are pets allowed at 10 - 242 Penetanguishene Road?
Pets are allowed, with restrictions. Buildings often limit the size, number or type of pet, so check the condo rules before you offer.
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.
What neighbourhood is 10 - 242 Penetanguishene Road in?
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.
Is 10 - 242 Penetanguishene Road still for sale?
Yes. 10 - 242 Penetanguishene Road is an active listing (MLS® S13857138), on the market since October 2, 2026. Listings here update from the board through the day and come down once a condo sells.
What have condos at 242 Penetanguishene Road sold for?
Recent sales, leases and expired listings for this unit and the rest of the building 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 condo and get an answer, usually within the hour.
Similar condos nearby
More condos for sale near Georgian Drive, picked by size and price.
Condo Townhouse$449,0007 - 250 Penetanguishene Road, Barrie4 bed · 4 bath · Georgian DriveCourtesy of: VALERY REAL ESTATE INC.View condo →
Condo Townhouse$445,00014 - 250 Penetanguishene Road, Barrie4 bed · 4 bath · Georgian DriveCourtesy of: VALERY REAL ESTATE INC.View condo →
Condo Townhouse$429,9008 - 252 Penetanguishene Road, Barrie4 bed · 4 bath · Georgian DriveCourtesy of: RE/MAX REALTRON REALTY INC.View condo →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.