























59 Penetang Street
Codrington, Barrie
$624,900
Attention investors and first-time buyers! This fully turnkey home comes completely furnished , offering incredible value and income potential. A separate side entrance leads to a "non-legal" lower-level apartment featuring a spacious rec room, L-shaped bedroom with double closet, 3-piece bath, kitchen, and stacked washer/dryer - ideal for extended family or helping offset mortgage costs.Situated on a premium 186' deep lot, the expansive backyard offers endless possibilities - create your dream outdoor oasis with gardens, patios, and fire pits, or explore the potential for a future second unit (buyer to complete due diligence). Conveniently located within walking distance to downtown and the waterfront.The main level features rustic hardwood flooring, while the lower level offers durable laminate flooring. Crown moulding and French doors accent the bright living room, and the kitchen provides ample cupboard space with a large picture window bringing in plenty of natural light.Updates include Furnace (2014), Shingles (2017), and Central Air (2020).Inclusions: All window coverings, all electric light fixtures, all upstairs furniture, upstairs fridge, stove, range hood, washer & dryer; downstairs fridge (one of two), stove, range hood, washer & dryer;
No extras listed.
Visit this home
Pick a time that works for you.
No upcoming open houses.
| Type | Detached |
| Style | Bungaloft |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,800 |
| Lot Size | 48.52 ft x 186 ft |
| mls© Number | S13423330 |
| Listed By | ROYAL LEPAGE SIGNATURE REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,199
- Property tax
- $400
- Heat allowance
- $150
- Housing costs
- $3,749 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$115,000
gross annual household income
- Payment at 4%
- $2,630 / mo
- Cash down
- $124,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
Nearby listings
Comparable sales
- No similar listings found.























































































































































































































































































































































































































































































































































































































