**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 tenan...ted 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.
Full Property Details
Interior
Bedrooms
4
Total Bedrooms
4
Washrooms
4
Square Footage
1400-1599 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Bedrooms
4
Total Bedrooms
4
Washrooms
4
Square Footage
1400-1599 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Exterior
Driveway
Reserved/Assigned
Parking Spaces
1
Total Parking Spaces
1.00
Parking Description
Reserved/Assigned
Garage Spaces
0
Balcony
None
Driveway
Reserved/Assigned
Parking Spaces
1
Total Parking Spaces
1.00
Parking Description
Reserved/Assigned
Garage Spaces
0
Balcony
None
Building Description
Style
2-Storey
Home Type
Condo
Subtype
Condo Townhouse
Property Orientation
South
Exterior Finish
Brick
Possession Date
No Data
Locker
None
Style
2-Storey
Home Type
Condo
Subtype
Condo Townhouse
Property Orientation
South
Exterior Finish
Brick
Possession Date
No Data
Locker
None
Community
Community
Georgian Drive
Community
Georgian Drive
Taxes & Fees
Taxes
$3,566.04 /yr
Tax Year
2026
Occupancy
Tenant
Maintenance Fee
$428.76/mo
Common Elements
Included
Parking
Included
Building Insurance
Included
Taxes
$3,566.04 /yr
Tax Year
2026
Occupancy
Tenant
Maintenance Fee
$428.76/mo
Common Elements
Included
Parking
Included
Building Insurance
Included
Other
Pets
Yes-with Restrictions
Pets
Yes-with Restrictions
Room Types
Bedroom
3 Pc Ensuite
Dimensions 10.99 x 7.97 feet
87.59 sqft
Bedroom
3 Pc Ensuite
Dimensions 10.99 x 8.5 feet
93.42 sqft
Bedroom
3 Pc Ensuite
Dimensions 12.99 x 7.97 feet
103.53 sqft
Kitchen
-
Dimensions 15.98 x 8.01 feet
128 sqft
Living Room
-
Dimensions 15.98 x 12.01 feet
191.92 sqft
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$449,999
$
%
%
Total cost of mortgage
$0
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.
