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$ 729,900
Est. payment /mo
New
57 Penetang ST Barrie, ON L4M 1V5
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Codrington
MLS Listing ID S12343923
Style 2-Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $5,157
Tax Year 2024
Property Sub-Type Duplex
Property Description
Versatile RM2-zoned duplex offering both immediate income and long-term growth potential. Located at 57 Penetang, this property is a rare opportunity for investors, multi-generational families, or those looking to live in one unit and rent the other. The large, deep yard invites you to explore the possibilities of a potential garden suite under Bill 23, adding another layer of future value and flexibility. The main unit features a spacious and bright three-bedroom apartment filled with natural light. High ceilings and the charm of a century home combine beautifully with modern conveniences like in-unit laundry, making it an attractive space for tenants or an owner-occupier. The second unit offers two comfortable bedrooms, a large living room, an eat-in kitchen, and charming finishes throughout. This unit also includes in-unit laundry and the added benefit of basement access for extra storage or hobby space, further increasing its appeal. Both units are self-contained, providing privacy and functionality for occupants. With RM2 zoning in place, there is strong potential for future redevelopment or intensification, whether that means adding additional residential units, creating a garden suite, or exploring other high-density options permitted under the current zoning. This property's location offers convenient access to amenities, schools, parks, and transportation, making it an attractive choice for tenants and ensuring consistent rental demand. 57 Penetang is a rare combination of immediate cash flow, future development potential, and a flexible layout that works for a variety of living arrangements. Whether you're an investor seeking a solid addition to your portfolio or a buyer looking for a home with income to offset expenses, this property delivers on all fronts.
Location
Province ON
County Simcoe
Community Codrington
Area Simcoe
Zoning RM2
Rooms
Basement Partial Basement
Kitchen 2
Interior
Interior Features None
Cooling None
Inclusions Fridge X2, Stove X2, Washer and Dryer in Lower Unit, Washer/Dryer Combo in Upper Unit all as viewed prior to submitting offer and in As-Is condition
Exterior
Exterior Feature Landscaped, Porch
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Stone
Lited by CENTURY 21 B.J. ROTH REALTY LTD.