Homes for sale - 1 SIMCOE ST, Penetanguishene, ON L9M 1V2

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Mahesh Khatri

mkhatri.teammahesh@gmail.com +1(416) 464-6568

$ 729,900

Est. payment | -/mo

3,217 SqFt

Save

$ 729,900

Est. payment | -/mo

Save

3,217 SqFt

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,217 sqft

Price per Sqft $226

MLS Listing ID S10435687

Annual Tax Amount $4,930

Tax Year 2023

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

Community Penetanguishene

Area Simcoe

Region Penetanguishene

City Region Penetanguishene

Rooms

Basement Full

Kitchen 0

Interior

Cooling Unknown

Fireplace No

Exterior

Parking Features Other

Pool None

Community Features Public Transit

Utilities Available Unknown

Roof Type Unknown

Building

Lot Description Irregular Lot

Foundation Stone

New Construction false

Others

Security Features Unknown

Listed by Keller Williams Experience Realty, Brokerage (255 King St)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

1 SIMCOE ST Penetanguishene, ON L9M 1V2