$429,900 - 252 Penetanguishene Road Unit 8, Barrie
Condo for Sale in Barrie
New — Listed yesterdayNeighbourhood: Georgian Drive
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- MLS Number
- S13810088
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,200 sqft
- Neighbourhood
- Barrie
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Excellent opportunity to own a turnkey income property in a highly desirable location! This open-concept home features a spacious main living area with a centralized living room and eat-in kitchen, along with four bedrooms, each complete with its own private ensuite bathroom. Located within walking distance of the college, this property is ideally suited for student rentals and offers strong rental income potential. The main living areas feature durable laminate flooring, while the bedrooms are carpeted and the bathrooms have ceramic tile. The property is fully equipped with two refrigerators, stove, washer, dryer, dishwasher, and microwave, all in stainless steel. Current rental income is $850 for Room 1, $900 for Room 2 including parking, $725 for Room 3, and $750 for Room 4, providing a total monthly rental income of $3,225. Mortgage/property taxes $2,292.44, Management Fee & Internet $428.76, Gas $53, CARMA metre $266.78. A great opportunity for investors looking for a low-maintenance, income-generating property in a convenient location close to the college and amenities.
Estimate your monthly payments for this property
Estimated Payment
$2,205.61/mo
Includes CMHC insurance ($11,994)
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 Georgian Drive
Georgian Drive 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 Georgian Drive
- •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
Georgian Drive 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.
252 Penetanguishene Road Unit 8, 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 $358/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Barrie's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
About Georgian Drive
I know Georgian Drive well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.