34 Magazine Street, Penetanguishene

$909,000
34 Magazine Street

$909,000

New
22d
Detached2-Storey

34 Magazine Street, Penetanguishene

Total Monthly Obligation $4,118

Beds
3
Baths
3
Park
2
Sqft
2000-2500
DOM
22d
Score
18
Yield
3.8%
Cash on Cash
-5.3%
Cap Rate
3.4%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Detached
MLS® Number-S13848990
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-46.09 × 142.09 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$914.67 (2025)
Parking-4 - Attached
Basement-Other
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REALTY PLUS
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Other, Stone
Roof-Asphalt Shingle, Fibreglass Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-12 Months / TBA
Neighbourhood-Penetanguishene
Title-Residential Freehold

No agent assigned

Pre-Construction opportunity in upscale waterfront community of Champlain Shores. West facing waterview lot has partial views of the bay and just steps from 2 future community parks. Single floor living with primary bedroom on main floor suitable for king sized bed and featuring a 5-piece ensuite with double sinks, step up tub and separate shower. Flexible open concept layout with walk out to a covered deck is ideal for entertaining. Lots of quality standard features including 9' ceilings, quartz counters, hardwood on main level, oak staircase with metal spindles, 7" baseboards, 3-1/2" Window mouldings, pot lights, and more. Select your finishes from designer curated packages or quality options and upgrades. Two future community parks offer spectacular views of the Bay; walk the dog, enjoy a coffee or socialize and enjoy year round sunsets. Community dock offer option of keeping your boat where you live; explore some of the best boating in Ontario in the 30,000 Islands Archipelago. The protected bay is ideal for kayaks and paddleboards. Take a sunset paddle to Discovery Harbour and Magazine Island. Close to Awenda Park and many Simcoe Forest trails for miles of biking, hiking and exploring. Set out on your bike from your home and connect with Tiny Rail Trail. Walk to Town for groceries, a bite to eat and many shopping opportunities. Stroll to Rotary Park with art installations, walking trails, playground, splash pad, summer music nights and festivals. Short walk to McGuire Park featuring tennis, pickle ball and bocce. Big box shopping and Georgian Bay Hospital are just 5 minutes by car. Town of Midland 8 minutes, Barrie 35 minutes, Pearson Airport 90 minutes. This charming town offers a great lifestyle with lots of recreation opportunities, friendly residents and a great community spirit.

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

Closing Costs

Mortgage Amount
$727,200
Land Transfer Taxes$14,655
Legal Fees (Est.)
$
Total cash required for closing$197,955

Total Monthly Obligation

$4,118/mo
Mortgage $3,667
Monthly Loss $3,153
Principal$965
Interest$2,702
Property Tax$76
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.2%24
10-Year IRR
9.1%
Returns Index
13.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$34,800/yr
NOI
$25,905/yr
Net Cash Flow
-$1,508/mo
Cash Margin
-52.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
20.7/ 100

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

Comparables

Properties near 34 Magazine Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.