1 Simcoe Street Penetanguishene, Ontario L9M 1V2
$799,900
Incredible Investment Opportunity Ready For Immediate Possession. Conveniently Located In Historic Downtown Penetanguishene, This Very Clean Three-Unit Corner Building Off Main Street Still Has Its High Ceilings And Original Vaults From 20th Century Tenants (Bank & Insurance Brokers). Occupies A Prime Location For High Traffic Storefront Businesses And Remains Ideally Accessible For Residential Tenants. Unit “A” Offers A Large Open Concept Main Level Commercial Space With Separate Office And An Additional Full-Height Basement (Dry) For Storage And A Bathroom. Unit “B” Consists Of Two Large Rooms, Two Basement Storage Spaces And A Bathroom. Both Commercial Units Have Great Visibility From Main Street. The Upper Level Of The Building, Previously Configured As Two Separate Residential Units, Has More Recently Been Opened Up Into One Large 2-Bed/2-Bath Apartment Space With High Ceilings, Original Hardwood Floors And Lush Carpeting. Potential Of Redeveloping The Second Unit Would Be A Great Way To Increase Revenues And Make The Building Even More Profitable. All Units In The Building Are Currently Vacant And Ready For Tenants To Move In At Market Rents, Meaning You’ll Be Able To Choose Your Own Tenants And The Property Will Be Profitable From The Beginning, 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. A Great Opportunity To Own A Unique Building In An Exceptional Small-Town Setting. Don’t Miss This Excellent Opportunity To Invest. (id:51210)
Property Details
| MLS® Number | 40514503 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
Building
| Basement Type | Full |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Stories Total | 2 |
| Size Exterior | 3058.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Frontage | 43 Ft |
| Size Irregular | 0.045 |
| Size Total | 0.045 Ac|under 1/2 Acre |
| Size Total Text | 0.045 Ac|under 1/2 Acre |
| Zoning Description | Dw |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/26291471/1-simcoe-street-penetanguishene
Interested?
Contact us for more information
Lorraine Jordan
Salesperson
(416) 800-9108
www.facebook.com/pages/Team-Jordan-of-Royal-LePage-In-Touch-Realty-Inc/145141359686
twitter.com/#!/teamjordanfirst
372 King St.
Midland, Ontario L4R 3M8
(705) 526-9770
https://kwcoelevation.ca/
Liam Joseph Knoll
Salesperson
(416) 800-9108
372 King St.
Midland, Ontario L4R 3M8
(705) 526-9770
https://kwcoelevation.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 09:43:12
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Co-Elevation Realty, Brokerage (Midland)
