Homes for sale - 57 Penetang ST, Barrie, ON L4M 1V5

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Kat Tannock

ktannock@gmail.com +1(249) 502-8832

$ 729,900

Est. payment | -/mo

4 Beds

2 Baths

Save

$ 729,900

Est. payment | -/mo

Save

4 Beds

2 Baths

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 4

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 two-bedroom apartment filled with natural light and a main floor living room that could be a 3rd bedroom. 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.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(249) 502-8832

ktannock@gmail.com

57 Penetang ST Barrie, ON L4M 1V5