$729,900
Est. payment /mo
3,217 SqFt
Active
1 SIMCOE ST Penetanguishene, ON L9M 1V2
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UPDATED:
01/02/2025 06:37 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
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
Kitchen 0
Interior
Cooling Unknown
Exterior
Community Features Public Transit
Utilities Available Unknown
Lot Depth 40.0
Building
Lot Description Irregular Lot
New Construction false
Others
Security Features Unknown
Listed by Keller Williams Experience Realty, Brokerage (255 King St)