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Penetanguishene,ON L9M 1N5
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $199
MLS Listing ID S10929692
Annual Tax Amount $9,261
Tax Year 2024
Property Description
12,000 s.f. building currently a 23 room retirement home/rooming house. Seller has made application to rezone to residential to permit 16 units in main building plus sever the house on the property to permit 2 more units in house plus 2 garage buildings that may be able to be converted for residential. Retirement home operated for the past 20+ years. Currently Vacant. Built in 1962 with block and cement flooring with renovations most recently completed in 2023 included upgrades to plumbing and installation of a sprinkler system. Being sold with plans and zoning for multi res use, or can be run as retirement home still. Main building is 8600 sq. ft. with attached 2 unit duplex (House) 3400 sq. ft. Currently 25 private rooms in main building plus, living room, kitchen, multiple washrooms, office, laundry room. Attached house with 2 full additional living quarters, garage and shop buildings also on the property. Nicely situated on large lot overlooking Georgian Bay. Close to Village Square Mall, St Ann's Church, the Penetanguishene legion and the Main Street amenities.
Location
Province ON
County Simcoe
Community Penetanguishene
Area Simcoe
Zoning RESIDENTIAL (APPLICATION)
Region Penetanguishene
City Region Penetanguishene
Interior
Cooling No
Exterior
Utilities Available Yes
Others
Security Features Partial