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59 Peel Street Penetanguishene, Ontario L9M 1B7

7 Bedroom 6 Bathroom 4399
None Baseboard Heaters

$1,099,000

Top 5 Reasons You Will Love This Property: 1) Rare six-plex, one-story building offers convenience while being ideally situated in-town and within walking distance to amenities and the stunning Georgian Bay 2) One bedroom rents proven out to get $1750/month, when the remaining five units are renovated and brought to market rate potential to increase value by $1 million+ 3) $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents 4) Additional value opportunity with each unit having two parking spaces 5) Incredible opportunity to generate passive income. Visit our website for more detailed information. (id:43787)

Property Details

MLS® Number 40569928
Property Type Multi-family
Features Paved Driveway
Parking Space Total 10

Building

Bathroom Total 6
Bedrooms Total 7
Basement Type None
Constructed Date 1930
Cooling Type None
Exterior Finish Aluminum Siding
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 1
Size Interior 4399
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 198 Ft
Size Frontage 61 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/26752567/59-peel-street-penetanguishene

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