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Penetanguishene,ON L9M 1V2
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
Garage Public
Utilities Available Electricity Connected,Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Street Lights
Waterfront No
Lot Frontage 43.0
Parking Type Public
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