$794,900 - 58 Penetang Street Unit 1-4, Barrie
Multi-Family for Sale in Barrie
109 days on market- MLS Number
- S12657626
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 109
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Barrie
- Listing Brokerage
- RE/MAX HALLMARK CHAY REALTY
INVESTORS!!! Looking to add to your real estate portfolio? Looking to enter into the real estate market and start your portfolio? Take a look today! Great two storey home has been renovated to a four separate unit building. Coin laundry in basement for extra income, room for storage in basement (if required). UNIT 1 is 3 bedrooms, 1 bath. UNIT 2 is 3 bedrooms, 1 bath. UNIT 3 is 2 bedrooms, 1 bath. UNIT 4 is 1Bedroom / Bachelor. Convenience of onsite laundry and parking. UNIT 1 and UNIT 2 include Fridge, Stove - tenants pay hydro/heat. UNIT 3 includes Fridge, Stove, dishwasher (as is) - tenant pays hydro/heat. UNIT 4 includes Fridge, Stove - rent is inclusive. 2 Furnaces. 1 HWT (R). 4 x hydro panels. Close to All Amenities & Family Fun At Barrie's Centennial Park & Lake Simcoe's Waterfront. Easy access to Shopping, Services, Fine and Casual Dining, Library, Rec Centre, Entertainment and key commuter routes - public transit, GO Trains, highways north to cottage country and south to the GTA. Many trails and parks to enjoy all year around. Minutes to the waterfront marina, boardwalk and beaches of Kempenfelt Bay on Lake Simcoe.
Estimate your monthly payments for this property
Estimated Payment
$4,078.25/mo
Includes CMHC insurance ($22,178)
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.
58 Penetang Street Unit 1-4, 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 $318/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.
Negotiation Opportunity
At 109 days on site, this property has exceeded the typical selling timeline for Barrie. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Barrie.
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.
Investment Perspective
Looking at this as an investment: Barrie properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,312 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.