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Listed 15 days ago

10 - 252 Penetanguishene Road

Georgian Drive, Barrie

$469,900

Condo Townhouse |
4 | 4 | 1 | 0
About this home

Fantastic investment opportunity in Barrie's Georgian Drive community. This efficient 1,400 sq ft condo townhouse features a layout optimized for high rental yield. The bright main level features a completely open-concept kitchen, dining, and living area. This fully furnished property comes equipped with beds in every room and sofa bed, making it a true turn-key portfolio addition. Tenants or buyers will love the seamless connectivity of the existing high-speed Rogers internet. The lower level offers 4 independent bedrooms, each boasting its own private 3-piece en-suite washroom! Situated an easy 20-minutecommute to local campus facilities, shopping, and Highway 400.

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agent
Angela Montano
(647) 283-2643
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$399
LockerNone
BalconyNone
ExposureEast
Parking TypeNone
Parking Spaces1
Parking FeaturesReserved/Assigned
Property Tax$3,486
mls© NumberS13648044
Listed ByKW Living Realty
Common Elements Included
Building Insurance Included
Water Included
Parking Included

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%
$2,405
Property tax
$291
Heat allowance
$150
Condo fees, half counted
$200
Housing costs
$3,045 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $93,980
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$1,977 / mo
Cash down
$93,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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