1 Simcoe St Penetanguishene, Ontario L9M 1V2
$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:37962)
Property Details
| MLS® Number | S7307438 |
| Property Type | Retail |
| Community Name | Penetanguishene |
| Amenities Near By | Public Transit |
Building
| Cooling Type | Fully Air Conditioned |
| 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-st-penetanguishene-penetanguishene
Salesperson
(416) 236-1392
2100 Bloor St W #7b
Toronto, Ontario M6S 1M7
(416) 236-1392
(416) 800-9108
www.kwnr.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 17 2023 10:26:31
Toronto Real Estate Board
Keller Williams Co-Elevation Realty