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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:43390)

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


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Lorraine Jordan
Salesperson

(705) 526-9770
(416) 800-9108
www.facebook.com/pages/Team-Jordan-of-Royal-LePage-In-Touch-Realty-Inc/145141359686
twitter.com/#!/teamjordanfirst

Keller Williams Co-Elevation Realty, Brokerage (Midland)
372 King St.
Midland, Ontario L4R 3M8

(705) 526-9770
https://kwcoelevation.ca/

Liam Joseph Knoll
Salesperson

(705) 209-1550
(416) 800-9108

Keller Williams Co-Elevation Realty, Brokerage (Midland)
372 King St.
Midland, Ontario L4R 3M8

(705) 526-9770
https://kwcoelevation.ca/

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