1 Simcoe St, Penetanguishene
1 Simcoe St, Penetanguishene
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25 Photos
- Living area: 3058 square feet
- MLS®: s7307438
- Type: Commercial
- Added: 170 days ago
Property Details
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:1945)
Property Information
- Cooling: Fully air conditioned
- Tax Year: 2022
- Living Area: 3058
- Photos Count: 25
- Water Source: Municipal water
- Tax Annual Amount: 4930.31
- Lot Size Dimensions: 43 FT
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