57 PENETANG STREET, Barrie (codrington), ON L4M1V5

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Nest Real Estate Group

info@nestgroup.ca +1(778) 788-6378

$ 699,900

Est. payment | -/mo

4 Beds

2 Baths

1,500 SqFt

Save

$ 699,900

Est. payment | -/mo

Save

4 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $466

Subdivision Codrington

MLS® Listing ID S12483845

Bedrooms 4

Source Toronto Regional Real Estate Board

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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 3.1 m X 2.44 m Bedroom 4

Extra Room 2 Second level 3 m X 4.29 m Bedroom 5

Extra Room 3 Second level 3.57 m X 4.57 m Living room

Extra Room 4 Second level 3.94 m X 2.49 m Kitchen

Extra Room 5 Main level 5.19 m X 4.13 m Kitchen

Extra Room 6 Main level 5.18 m X 4.43 m Living room

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped

Story 2

Sewer Sanitary sewer

Listed by CENTURY 21 B.J. ROTH REALTY LTD.

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Nest Real Estate Group

Real Estate Team | License ID: 139039

info@nestgroup.ca

+1(778) 788-6378

# 1500 701 West Georgia Street, Vancouver, V7Y, 1G5, Canada

57 PENETANG STREET Barrie (codrington), ON L4M1V5

Nest Real Estate Group

Key Details

Location

Rooms

Interior

Exterior

Building

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