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59 Peel Street Penetanguishene, Ontario L9M 1B7

4399

$1,099,000

Top 5 Reasons You Will Love This Property: 1) Rare six-plex, one-story building offers convenience while being ideally situated in-town and within walking distance to amenities and the stunning Georgian Bay 2) One bedroom rents proven out to get $1750/month, while the remaining five units are renovated and brought to market rate potential to increase value by $1 million+ 3) $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents 4) Additional value opportunity with each unit having two parking spaces 5) Incredible opportunity to generate passive income. Visit our website for more detailed information. (id:43390)

Property Details

MLS® Number 40569931
Property Type Office
Features Paved Driveway
Parking Space Total 10

Building

Basement Type None
Constructed Date 1930
Exterior Finish Aluminum Siding
Stories Total 1
Size Exterior 4399.0000
Size Interior 4399
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 198 Ft
Size Frontage 61 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/26752566/59-peel-street-penetanguishene

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Mark Faris
Broker

(705) 797-8485
(705) 797-8486
www.facebook.com/themarkfaristeam

Faris Team Real Estate Brokerage
443 Bayview Drive
Barrie, Ontario L4N 8Y2

(705) 797-8485
(705) 797-8486
www.faristeam.ca

Sabrina Staunton
Broker

(705) 527-1887
(705) 797-8486
www.facebook.com/FarisTeam
www.linkedin.com/company-beta/5311521/
twitter.com/FarisTeam

Faris Team Real Estate Brokerage (Midland)
531 King St
Midland, Ontario L4R 3N6

(705) 527-1887
(705) 797-8486
www.FarisTeam.ca

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