Data was last updated 2023-11-17 at 16:22:59 GMT
$799,900
1 Simcoe St Penetanguishene, Ontario
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
VIP-Only Information
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Location
WB Group
Keller Williams Referred Urban Realty, Brokerage
624 King Street West-Lower Level, Toronto, Ontario
Office: 416 651-1777
Mobile: 416 651-1777
Fax: 416 649-0450
Keller Williams Referred Urban Realty, Brokerage
624 King Street West-Lower Level, Toronto, Ontario
Office: 416 651-1777
Mobile: 416 651-1777
Fax: 416 649-0450
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board.