11 January,2025
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Canadian Mortgages

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$729,900
Available - For Sale
Listing ID: S10435687
Exciting Investment Opportunity Available for Immediate Acquisition and Move-In! Located on the charming historic Main Street in downtown Penetanguishene, this well-maintained three-unit corner building boasts high ceilings and original features as well as character from its original use. Positioned centrally in town, it offers excellent visibility for a variety of businesses, while the upper residential unit offers convenience of location to multiple in-town amenities. All units are currently vacant and available for new tenants at market rates, allowing you to maximize your investment by selecting your tenants and revenue; or to capitalize on an ideal live-work opportunity for you and your business. Unit "A" features a spacious open-concept commercial area on the main level, complete with a separate office and a dry, full-height basement for storage, along with a bathroom. Unit "B" includes two large rooms, two basement storage areas, and a bathroom, ensuring great visibility from Main Street for both commercial units. Unit "C" has been transformed into a generous 2-bedroom, 2-bath apartment expanding through the entire floor. Featuring high ceilings, original hardwood floors and a large living area with a gas fireplace. Natural light floods the space with windows on all sides of this expansive apartment. There's also potential to redevelop the space into two separate units, to significantly boost rental income.Don't let this unique opportunity to own a remarkable building in a lovely small-town environment pass you by!
Price $729,900
Taxes: $4,930.31
Assessment: $224000
Assessment Year: 2024
Occupancy by: Vacant
Address: 1 SIMCOE St , Penetanguishene, L9M 1V2, Ontario
Postal Code: L9M 1V2
Province/State: Ontario
Legal Description: PT LT 40 E/S PENETANGUISHENE RD PL 36 PE
Lot Size: 43 x 40 (Feet)
Directions/Cross Streets: Hwy 93 to Penetanguishene. North on Main St. Corner of Main & Simcoe. Sign in Window.
Zoning: DW
Category: Multi-Use
Building Percentage: N
Total Area: 3,217
Total Area Code:  Sq Ft
Retail Area: 1435
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Sewers: Sanitary
Water: Municipal
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Keller Williams Experience Realty, Brokerage (255 King St)

1 SIMCOE St , Penetanguishene, L9M 1V2, Ontario

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Maria Tompson
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416-548-7854
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416-548-7854
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416-981-7184

 
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Type: Com - Commercial/Retail
Area: Simcoe
Municipality: Penetanguishene
Neighbourhood: Penetanguishene
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Lot Size: 43.00 x 40.00(Feet)
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Tax: $4,930.31
Maintenance Fee: $0
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Maria Tompson
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
Office Address : 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
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