3058 sqft
Fully Air Conditioned
$799,900
Incredible Investment Opportunity Ready For Immediate Possession. Conveniently Located In Historic Downtown Penetanguishene, This Clean Three-Unit Building Off Main Street Still Has Its High Ceilings And 20th Century Charm. Both Main Level Units Offer A Large Commercial Space With An Additional Full-Height Basement (Dry) For Storage, A Bathroom And Great Visibility From Main Street. The Upper Level Of The Building, Previously Configured As Two Separate Residential Units, Has Been Opened Up Into One Large 2-Bed/2-Bath Apartment Space. Potential Of Redeveloping The Second Unit Would Be A Great Way To Increase Revenues. All Units In The Building Are Currently Vacant And Ready For Tenants To Move In At Market Rents, 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. Don't Miss This Excellent Opportunity To Invest. (id:50787)
Property Details
MLS® Number
|
S7307438 |
Property Type
|
Retail |
Community Name
|
Penetanguishene |
Amenities Near By
|
Public Transit |
Building
Cooling Type
|
Fully Air Conditioned |
Size Interior
|
3058 Sqft |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Public Transit |
Size Irregular
|
43 Ft |
Size Total Text
|
43 Ft |
https://www.realtor.ca/real-estate/26291704/1-simcoe-st-penetanguishene-penetanguishene