Homes for sale - 1 Simcoe Street, Penetanguishene, ON L9M 1V2

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Elizabeth Pullman

[email protected] +1(905) 329-0460

Listed by Eric Beutler • Keller Williams Experience Realty, Brokerage (255 King St)

$ 729,900

Est. payment -/mo

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1 Simcoe Street Penetanguishene, ON L9M 1V2

3,217 SqFt

UPDATED:

10/12/2024 08:41 PM

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 3,217 sqft

Price per Sqft $226

MLS Listing ID 40659858

Abv Grd Liv Area 3,217

Originating Board The Lakelands

Annual Tax Amount $4,930

Lot Size 1,960 Sqft

Acres 0.045

Property Description

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!

Location

Province ON

County Simcoe County

Area Penetanguishene

Zoning DW

Direction Hwy 93 to Penetanguishene. North on Main St. Corner of Main & Simcoe. Sign in Window.

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Parking Features Public

Utilities Available Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights

Lot Frontage 43.0

Garage No

Building

Lot Description Irregular Lot, City Lot, High Traffic Area, Public Transit, Visual Exposure

Faces Hwy 93 to Penetanguishene. North on Main St. Corner of Main & Simcoe. Sign in Window.

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 584330083

Ownership Freehold/None

Elizabeth Pullman

Advisor | License ID: 4780123

+1(905) 329-0460

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