In the heart of historic downtown Penetanguishene awaits an amazing opportunity to own a cash flowing asset with this 15 unit mixed use building. Featuring 14 fully tenanted residential units and situated on a large L-shaped lot, this 2 storey building features 2 main floor units, 2 step up units, 6 upstairs units, and 4 basement/half basement apartments. The building also features a sprawling, versatile commercial space fronting onto the main street which is newly renovated. The property has been well maintained and offers ample parking with dedicated spaces for a commercial tenant. All units feature electric baseboard heating, and tenants run their own air conditioning units in warmer months. Book your viewing today, and see what makes this property a great choice for any investor looking for a unique property in the area.
MLS# | 40615596 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active Under Contract |
Days On Site | 92 |
Listing Provided By | Sotheby's International Realty Canada, Brokerage (A) | Michael Decarli |
SQ Feet | 7,080 |
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Basement | Y |
Story(s) | 2 |
Units | 14 |
Zoning | CG |
Province | ON |
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County | Simcoe County |
City | Penetanguishene |
Postal Code | L9M 1S9 |
Area | Penetanguishene |
Subarea | PE01 East of Main Street |
Community Name | PE01 East of Main Street |
Listing VS Median (in PE01 East of Main Street) | |
Price: $1,650,000 low | high Med: $782,000 SqFt: 7,080 low | high Med: 2,174 $ / SqFt: $233 low | high Med: $361 On Site: 92 low | high Med: 51.000000 |