10 Magazine Street, Penetanguishene

$1,089,000
10 Magazine Street

$1,089,000

New
24d
Detached2-Storey

10 Magazine Street, Penetanguishene

Total Monthly Obligation $4,844

Beds
4
Baths
4
Park
2
Sqft
2500-3000
DOM
24d
Score
24
Yield
5.5%
Cash on Cash
2.5%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-S13841548
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-31.36 × 129.29 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Age-New
Taxes-$914.67 (2025)
Parking-4 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REALTY PLUS
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Other, Stone
Roof-Fibreglass Shingle, Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60 Days/TBA
Neighbourhood-Penetanguishene
Title-Residential Freehold

No agent assigned

New Price! Model Home. Stunning Detached home on premium pie-shaped with water views from almost every window. Executive Waterfront Community at Champlain Shores walking distance to the historical Town of Penetanguishene. Loaded with upgrades and extras; 9' Ceilings, 7 1/2" baseboards, oak staircase, upgraded hardwood throughout, porcelain tiles, quartz counters, gourmet kitchen with centre island and walk-in pantry. Upgraded with additional square footage including 4th bedroom and 3-piece bathroom with luxury finishes perfect as a guest suite or additional family space. Two walk-outs to covered deck with water views. Full basement with roughed in 3-piece bath and plenty of above ground windows with views of the water. Oversized garage with space for pick up and large SUV. Walk to Town of Penetanguishene for shopping and dining, 8 minutes to Midland, 35 minutes to Barrie, 90 minutes to Pearson Airport. Close to Awenda Provincial Park, bike trails at your door with miles to explore on Tiny Rail Trail and beyond. Hike Simcoe Forest Tracts nearby. Play golf or pickle ball. Enjoy some of the best boating in Ontario; 30,000 Island Archipelago offers endless opportunities. Drop your kayak or paddle board in the Bay for a sunset ride over to Discovery Harbour. Enjoy a more relaxed pace of life in a smaller community of friendly residents, abundant recreational options year round yet within minutes of all amenities including Georgian Bay General Hospital, medical clinics, library, curling & skating rinks, big box stores and more. . ***HST Exempt for qualified buyers. List price reflects the HST exemption***

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$871,200
Land Transfer Taxes$18,255
Legal Fees (Est.)
$
Total cash required for closing$237,555

Total Monthly Obligation

$4,844/mo
Mortgage $4,393
Monthly Loss $3,688
Principal$1,156
Interest$3,237
Property Tax$76
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.8%5
5-Year IRR
14.1%65
10-Year IRR
13.8%
Returns Index
34.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$59,940/yr
NOI
$48,531/yr
Net Cash Flow
-$348/mo
Cash Margin
-7.0%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo30
Risk Index
23.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 10 Magazine Street

Time

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