1 Simcoe Street, Penetanguishene, Ontario

$799,900

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3,058

Square feet

About 1 Simcoe Street

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.

Features of 1 Simcoe Street

MLS® # S7307438
Price $799,900
Bathrooms 0.00
Square Footage 3,058
Type Commercial Sale
Sub-Type Commercial/Retail
Status A

Community Information

Address 1 Simcoe Street
Area Simcoe
Subdivision Penetanguishene
City Penetanguishene
Province Ontario
Postal Code L9M 1V2

Amenities

Utilities Y
Garages Public

Interior

Heating Gas Forced Air Open
Has Basement Yes

Exterior

Lot Description 43.00x0.00 Feet

Additional Information

Date Last Updated June 13th, 2024
Zoning DW

Listing Details

OfficeKELLER WILLIAMS CO-ELEVATION REALTY

Listing Map

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