1 Simcoe Street, Penetanguishene, Ontario


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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


Utilities Y
Garages Public


Heating Gas Forced Air Open
Has Basement Yes


Lot Description 43.00x0.00 Feet

Additional Information

Date Last Updated June 13th, 2024
Zoning DW

Listing Details


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