LOADING

1 Water Street Penetanguishene, Ontario L9M 1V5

Hot Water Radiator Heat

$1,397,777

GREAT INVESTMENT OPPORTUNITY - A BEAUTIFUL HISTORIC 1840s 2-STOREY 5700 sq ft BRICK BUILDING ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN STREET IN PENETANGUISHENE A FEW BLOCKS FROM THE WATERFRONT. IT IS CURRENTLY BEING USED AS A COMMERCIAL AND RESIDENTIAL INCOME PRODUCER, FULLY TENANTED, LOTS OF PARKING. MAIN FLOOR INCLUDES 3 COMMERCIAL SPACES. SECOND FLOOR HAS 3 RESIDENTIAL APARTMENTS - A 3-BEDROOM SUITE & TWO 2-BEDROOM SUITES. VERY WELL MAINTAINED BUILDING WITH MAJOR IMPROVEMENTS AND UPGRADES (OVER $600,000) INCLUDING ROOF 2020, BOILER, A/C SYSTEM, UPDATED ELECTRICAL AND PLUMBING, FIRE-PROOFING, SIGNIFICANT UPGRADES TO APTS, NEW WINDOWS & DOORS ON 2ND LEVEL AND HANDPAINTED MURALS ON EXTERIOR DEPICTING HISTORY OF THE BUILDING. LOADED WITH ORIGINAL CHARACTER. A FULL SPRAWLING BASEMENT WITH ACCESS TO PARKING IDEAL FOR STORAGE, SHIPPING AND RECEIVING. 2 VEHICLE GARAGE AT REAR. IT IS ONE OF THE OLDEST COMMERCIAL SITES IN ONTARIO STILL IN OPERATION, ORIGINALLY USED BY NATIVES (METIS & OJIBWAY) TO TRADE FURS. OWNERS RETIRING. OWNERS RUN LONG ESTABLISHED AND VERY SUCCESSFUL GREEN BLOCK TRADING POST BUSINESS FROM ONE OF THE COMMERCIAL SPACES WHICH FOCUSSES ON SALE OF LOTTERY TICKETS, CIGARETTES, TOBACCO PRODUCTS, NATIVE AND NAUTICAL ITEMS. (id:51210)

Property Details

MLS® Number 40404263
Property Type Other
Amenities Near By Shopping
Community Features High Traffic Area
Equipment Type None
Features Corner Site, Visual Exposure
Rental Equipment Type None

Building

Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1840
Exterior Finish Brick, Stone
Flooring Type Hardwood
Heating Type Hot Water Radiator Heat
Stories Total 2
Size Exterior 5694.0000
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Road Access
Acreage No
Land Amenities Shopping
Sewer Municipal Sewage System
Size Depth 62 Ft
Size Frontage 93 Ft
Zoning Description Comm

https://www.realtor.ca/real-estate/25485028/1-water-street-penetanguishene

Interested?

Contact us for more information


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Don Cadieux
Salesperson

(705) 888-7072
(705) 446-3992

Sutton Group Incentive Realty Inc. Brokerage
224 Ste. Marie Street
Collingwood, Ontario L9Y 3K5

(705) 446-3991
(705) 446-3992
www.suttonincentive.com

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