Barrie L4M 1V5
Canada

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C699,900
($499,631)
(€432,735)
Annual Taxes:C5,157
505 Park Ave, New York, NY 10022

Versatile RM2 zoned duplex offering both immediate income and long term growth potential.

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.

Amenities

  • Landscaped
  • Porch

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.