$699,900Asking Price
57 Penetang Street, Barrie, ON L4M 1V5
Codrington, Barrie
Versatile RM2 zoned duplex offering immediate income with strong long term upside. Located at 57 Penetang, this property presents an excellent opportunity for investors, multi generational living, or owner occupants looking to offset costs with rental income. The large deep yard opens the door to future possibilities including the potential addition of a garden suite under Bill 23, adding another layer of flexibility and value over time. The main unit offers a bright and spacious two bedroom layout filled with natural light. A main floor living room could easily function as a third bedroom, while high ceilings preserve the character of a century home and blend seamlessly with modern conveniences such as in unit laundry. The space is comfortable, functional, and appealing for both tenants and owner occupants. The second unit features two well proportioned bedrooms, a generous living room, and an eat in kitchen with warm and inviting finishes throughout. In unit laundry and direct basement access add meaningful practicality, providing extra storage or hobby space that enhances overall usability. Both units are fully self contained, offering privacy and efficient layouts. RM2 zoning supports future redevelopment or intensification, whether through additional residential units, a garden suite, or other permitted higher density uses. Centrally located with convenient access to amenities, schools, parks, and public transportation, this property is well positioned to attract and retain tenants. 57 Penetang offers a rare blend of immediate cash flow, long term development potential, and flexible living arrangements. Whether adding to an investment portfolio or purchasing a home with built in income, this property delivers solid value today with meaningful upside ahead.
Versatile RM2 zoned duplex offering immediate income with strong long term upside. Located at 57 Penetang, this property presents an excellent opportunity for investors, multi generational living, or owner occupants looking to offset costs with rental income. The large deep yard opens the door to future possibilities including the potential addition of a garden suite under Bill 23, adding another layer of flexibility and value over time. The main unit offers a bright and spacious two bedroom layout filled with natural light. A main floor living room could easily function as a third bedroom, while high ceilings preserve the character of a century home and blend seamlessly with modern conveniences such as in unit laundry. The space is comfortable, functional, and appealing for both tenants and owner occupants. The second unit features two well proportioned bedrooms, a generous living room, and an eat in kitchen with warm and inviting finishes throughout. In unit laundry and direct basement access add meaningful practicality, providing extra storage or hobby space that enhances overall usability. Both units are fully self contained, offering privacy and efficient layouts. RM2 zoning supports future redevelopment or intensification, whether through additional residential units, a garden suite, or other permitted higher density uses. Centrally located with convenient access to amenities, schools, parks, and public transportation, this property is well positioned to attract and retain tenants. 57 Penetang offers a rare blend of immediate cash flow, long term development potential, and flexible living arrangements. Whether adding to an investment portfolio or purchasing a home with built in income, this property delivers solid value today with meaningful upside ahead.
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 2025
- Possession: TBD
Details
- Wood/Vinyl Siding Exterior
- No Fireplace
- 2 Kitchens
- MLS #S12832840
- 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% |
