$419,900 - 242 Penetanguishene Road Unit 16, Barrie
Condo for Sale in Barrie
- MLS Number
- S13153960
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,000 sqft
- Neighbourhood
- Barrie
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ENGEL & VOLKERS BARRIE
Looking for an affordable way to enter the Barrie market as an owner-occupier or investor? This beautifully maintained stacked townhouse offers exceptional flexibility, all on one convenient level with no interior stairs, and shows in fantastic condition! The layout is designed for both comfortable living and/or strong rental appeal, featuring a shared eat-in kitchen and living area, plus four private bedrooms EACH with its OWN full ensuite bathroom. That's right... No shared bathrooms! Whether you're looking to live in the unit yourself while offsetting costs with rental income, accommodate college-aged family members, or add a smart cash-flowing property to your portfolio, this setup simply makes sense. Since the unit is currently owner-occupied, vacant possession is guaranteed on closing. Affordable, low-maintenance, and increasingly hard to find in today's market. **Extra parking space available for a small monthly fee.
Estimate your monthly payments for this property
Estimated Payment
$2,154.30/mo
Includes CMHC insurance ($11,715)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Barrie
Barrie is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Barrie
- •Convenient location in Barrie
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Barrie offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
242 Penetanguishene Road Unit 16, Barrie
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $420/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 23 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Barrie. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.