Raised bungalow with walk-out basement in Penetanguishene

Property details for 13 Charles Street, Penetanguishene

Type: Residential
Style: Raised bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 50 x 138.1 FT ; 50.03x138.05x50.04x139.32
Stories: 1
Basement: Finished, Full, Walk out
Parking: Attached Garage, Garage, Inside Entry
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $4,603 (2026)

This raised bungalow on a 50x138 foot lot in Penetanguishene has a walk-out basement that floods the lower level with natural light. The main floor features hardwood floors, an open-concept main space, and a kitchen with patio doors leading to a 10x10 deck. Two bedrooms and a full bath are upstairs. The lower level has a third bedroom, a 4-piece bath, a family room with a gas fireplace, plus a rec room and utility space. There's an attached garage with inside entry and a fully fenced backyard with a shed. Parks, the rec centre, and the waterfront are a short walk away. Dining options like Pan Mai and Phil's are within a kilometer, and Tim Hortons is just 0.6 km away. Price at 685k is a bit above the area's median sold price of 494k, but you're getting a walk-out and a big lot. The Park Place clubhouse is available for a monthly fee. It's a solid choice for downsizers or families.

About 13 Charles Street, Penetanguishene — Property Score

Strong Investment Great Location

Score: 67/100

Value

Priced 2% below area median of $699,000 based on 47 comparable properties nearby 73

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

6,905 sqft lot - a generous lot for the area 78

Location

$48K median household income - below the Canadian average of $70K 54

70% of residents hold postsecondary credentials - a highly educated neighbourhood 79

48% homeownership rate - a renter-majority neighbourhood 63

70% of residents commute under 30 minutes - excellent commuter accessibility 86

2,581/km² population density - a well-balanced suburban area 96

Market

Just listed - area average is 66 days on market 100

-23.2% median price change over 1 month - declining prices in the area 1

29.5 months of housing supply - 59 active listings with 2 sold last month (buyer's market) 40

Features

4-car garage - area average is 6.1 spots 95

Finished, Full, Walk out basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.67% effective tax rate ($4,602/yr) - below the Canadian average of ~1% 80

52% renter population - strong rental demand in this area 93

Quality

Condition

Listing

50 photos provided - 39% more than the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.