4570 Penetanguishene Road, Springwater
Excellent Investment Property. Annual income potential $130,000. Three Commercial Units On Main plus Two Residential 2 Bedroom Units On Upper Floor (Stores connect to apartments above for perfect live above work opportunity). Tenants Pay TMI and Utilities, Ample Parking for 15 vehicles, Access from busy Penetanguishene Road and also From Martin Street. Roof Updated Approximately 10 Years Ago, Some Windows Replaced, Kitchen upgraded, Furnace Replaced In 2018 (Rental). Large backyard with BBQ and picnic table and space can be fenced. Room to build a shed. Building Approximately 4,600 Square Feet. Conveniently located 2 minutes drive from Highway 400 and exit 121. Minutes to Horseshoe Value, Mount St Louis Moonstone Resort, and other ski resorts. A short drive to Awenda, Muskoka, Orr Lake, Georgian Bay Islands, Balm Beach, Midland, Penetanguishene, Innisfil, Barrie, Elmvale, Orillia, Wasaga, Lake Simcoe, 1-hr from Toronto, and more. Currently 2/3 commercial units are leased and both apartments are leased. Total 5 units in the building (3 commercial plus 2 apartments above). Building appraised for 1.2 million in December 2025. (id:1945)
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Property details for 4570 Penetanguishene Road, Springwater
- Type
- Commercial
- Living Area
- 4,600 square feet
- Lot Size
- 66 x 164.7 FT
- Heating
- Forced air, Natural gas
- Cooling
- None
- Annual Taxes
- $5,062
Nearby Listings Stat
Estimated price and comparable properties near 4570 Penetanguishene Road
Active Listings
11
Min Price
$479,000
Max Price
$1,599,999
Avg Price
$835,627
Days on Market
109
days
Sold Listings
3
Min Sold Price
$699,900
Max Sold Price
$1,419,000
Avg Sold Price
$1,081,300
Days until Sold
51
days
Price History
Listed
April 21, 2025
by COLDWELL BANKER THE REAL ESTATE CENTRE
Current Price
$1,150,000
Type
Commercial
For Sale
