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:31327)
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
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April 03 2024 04:30:51
Toronto Real Estate Board
Keller Williams Co-Elevation Realty
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