$699,900Asking Price
57 Penetang Street, Barrie, ON L4M 1V5
Codrington, Barrie
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.
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.
See MoreKey Info
- 2-Storey Duplex
- 4 Parking
- No Garage
- Mulcaster and Penetang
- 1500-2000 Approximate Sq Feet
- 100+ Years Approximate Age
- No Ensuite Laundry
- Forced Air Gas Heating
- No A/C
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $5,157 in 2024
- Possession: TBD
Details
- Wood/Vinyl Siding Exterior
- No Fireplace
- 2 Kitchens
- MLS #S12483845
- CENTURY 21 B.J. ROTH REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 17.03' x 13.55' | |
 | 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
Who lives here?
Codrington, Barrie is a north GTA neighbourhood notable for its singles, renters, university grads and business and education, law & public sector professionals. Residents tend to be older with a significant number of adults aged 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 74.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
52%
of residents are
single and loving it.
52% singles
Barrie (46%)Renters
42%
of residents
are renters.
42% renters
Barrie (30%)Education
28%
of residents are
university grads.
28% university grads
Barrie (23%)Income
Average Household Income
$103K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 13% |
| Government | 11% |
| Business | 10% |
| Trades | 9% |
| Management | 6% |
Immigrants
7%
of residents were
born outside of Canada.
7% immigrants
Barrie (13%)Birthplace - All
1.8% from UK
All-time
Birthplace - Recent
0.2% from China
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| Spanish | 1% |
| Italian | 1% |
| German | 1% |
Religions
Religions
| Christian | 60% |
| Muslim | 1% |
| Jewish | 1% |
