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.
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Detailed Information
Freestanding
Y
Lot
43 x 0 ft
Retail Area
1,509 ft2
Total Area
3,058 ft2
Air Conditioning
Y
Basement
Y
Garage Type
Public
Heat Type
Gas Forced Air Open
Area Influences
Public Transit
Utilities
Y
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
DW
Seller Property Info Statement
N
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