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    Data was last updated 2023-11-17 at 16:22:59 GMT
    $799,900

    1 Simcoe St   Penetanguishene, Ontario

    MLS®: S7307438
    URL:    
    Incredible Investment Opportunity Ready For Immediate Possession. Conveniently Located In Historic Downtown Penetanguishene, This Clean Three-Unit Building Off Main Street Still Has Its High Ceilings And 20th Century Charm. Both Main Level Units Offer A Large Commercial Space With An Additional Full-Height Basement (Dry) For Storage, A Bathroom And Great Visibility From Main Street. The Upper Level Of The Building, Previously Configured As Two Separate Residential Units, Has Been Opened Up Into One Large 2-Bed/2-Bath Apartment Space. Potential Of Redeveloping The Second Unit Would Be A Great Way To Increase Revenues. All Units In The Building Are Currently Vacant And Ready For Tenants To Move In At Market Rents, With Estimated Potential Rents Of Over $5100/M As Is - Or More If A Fourth Unit Is Created. This Is Also A Great Opportunity To Open A Business And Live Where You Work, While Still Capitalizing On Some Rental Income. Don't Miss This Excellent Opportunity To Invest.
    Incredible Investment Opportunity Ready For Immediate Possession. Conveniently Located In Historic Downtown Penetanguishene, This Clean Three-Unit Building Off Main Street Still Has Its High Ceilings And 20th Century Charm. Both Main Level Units Offer A Large Commercial Space With An Additional Full-Height Basement (Dry) For Storage, A Bathroom And Great Visibility From Main Street. The Upper Level Of The Building, Previously Configured As Two Separate Residential Units, Has Been Opened Up Into One Large 2-Bed/2-Bath Apartment Space. Potential Of Redeveloping The Second Unit Would Be A Great Way To Increase Revenues. All Units In The Building Are Currently Vacant And Ready For Tenants To Move In At Market Rents, With Estimated Potential Rents Of Over $5100/M As Is - Or More If A Fourth Unit Is Created. This Is Also A Great Opportunity To Open A Business And Live Where You Work, While Still Capitalizing On Some Rental Income. Don't Miss This Excellent Opportunity To Invest.

    Listing Information

    Prop. Type:
    Commercial/Retail
    City:
    Penetanguishene
    Status:
    Active
    MLS® Number:
    S7307438
    Neighbourhood:
    Penetanguishene
    Area:
    Simcoe
    Province:
    Ontario
    Listing Date:
    Nov 17, 2023
    Listing Price:
    $799,900
    Taxes:
    $4,930
    List Price Code:
    For Sale

    General Information

    Tax Type:
    Annual
    Lot Code:
    Lot
    Freestanding?:
    Y
    Retail Area:
    1509 Sq Ft
    Total Area:
    3058.00 Sq Ft
    Possession Terms:
    Immediate
    Tax Year:
    2023
    Lot Front:
    43.00

    Additional Information

    Heating Type:
    Gas Forced Air Open
    Basement Description:
    Y
    Garage Type:
    Public
    Utilities Available:
    Y

    Land Information

    Sprinklers:
    N
    Water Service:
    Municipal

    Other Information

    Property Type:
    Multi-Use
    Area Influences:
    Public Transit
    Air Conditioning:
    Y
    Zoning:
    DW
    Seller Info Statement:
    N

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    This property is listed by Keller Williams Co-Elevation Realty and provided here courtesy of Frank Leo. For more information or to schedule a viewing please contact Frank Leo.
    Frank Leo
    Remax West Realty Inc.
    Phone: 416-917-5466
    Mobile Phone: 416-917-5466
    Inquire Via Email
    The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board.