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$ 699,900
Est. payment /mo
New
57 Penetang ST Barrie, ON L4M 1V5
4 Beds
2 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 S12483845
Style 2-Storey
Bedrooms 4
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 presents 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 adding a garden suite under Bill 23, offering another layer of future value and flexibility.The main unit features a spacious and bright two-bedroom layout filled with natural light. A main floor living room could easily serve as a third bedroom, and high ceilings blend the character of a century home with modern conveniences such as in-unit laundry. The result is a comfortable and attractive space for tenants or an owner-occupier.The second unit offers two well-sized bedrooms, a large living room, and an eat-in kitchen with charming finishes throughout. This unit also includes in-unit laundry and the added benefit of basement access, providing additional storage or hobby space that enhances overall appeal.Both units are fully self-contained, ensuring privacy and functionality for occupants. With RM2 zoning in place, there is strong potential for future redevelopment or intensification, whether that involves adding residential units, creating a garden suite, or pursuing other higher-density uses permitted under current zoning.This property's central location provides convenient access to amenities, schools, parks, and public transportation, making it desirable for tenants and supporting consistent rental demand.57 Penetang is a rare combination of immediate cash flow, future development potential, and a flexible layout that accommodates a range of living arrangements. Whether you are an investor seeking a solid addition to your portfolio or a buyer looking for a home with income to offset expenses, this property delivers exceptional value today and promising upside for the future.
Location
State 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
Building Age 100+
Foundation Stone
Lited by CENTURY 21 B.J. ROTH REALTY LTD.
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