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1 Simcoe Street Penetanguishene, Ontario L9M 1V2

3058 sqft
Fully Air Conditioned Other

$799,900

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. (id:43787)

Property Details

MLS® Number S7307438
Property Type Retail
Community Name Penetanguishene
Amenities Near By Public Transit

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Other
Size Interior 3058 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Size Irregular 43 Ft
Size Total Text 43 Ft

https://www.realtor.ca/real-estate/26291704/1-simcoe-street-penetanguishene-penetanguishene

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