40 penetang Street
Codrington, Barrie
$830,000
MUST SEE***Located Close To Downtown Barrie. At Present, The Location Consists Of A Four Plex -Two Single-Bedroom Units And Two Double-Bedroom Units - At 40 Penetang St. This Property currently Generate A Combined Monthly Potential Income . Three units are totally ***Renovated from top to bottom and spent lot of $$$$$ 4 Piece washroom and 4 Kitchens in all separate units. It is an income generating property and also approved 10 units plan. Great opportunity to invest and income.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $6,339 |
| Lot Size | 54.07 ft x 198.75 ft |
| mls© Number | S13463406 |
| Listed By | ROYAL LEPAGE FLOWER CITY REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,248
- Property tax
- $528
- Heat allowance
- $150
- Housing costs
- $4,927 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$152,000
gross annual household income
- Payment at 4%
- $3,493 / mo
- Cash down
- $166,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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