$1,099,000 FOR SALE

Multiplex

Bedrooms: 7Bathrooms: 6Lot: 60.54 x 197.99 ft
2023 Taxes: $5,420.42

59 Peel St
Penetanguishene, ON L9M 1B7 | Simcoe

Top 5 Reasons You Will Love This Property: 1) Rare six-plex, one-story building offers convenience while being ideally situated in-town and within walking distance to amenities and the stunning Georgian Bay 2) One bedroom rents proven out to get $1750/month, when the remaining five units are renovated and brought to market rate potential to increase value by $1 million+ 3) $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents 4) Additional value opportunity with each unit having two parking spaces 5) Incredible opportunity to generate passive income. Visit our website for more detailed information.

Share

Listed By FARIS TEAM REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S8235500
Last Updated Apr 23, 2024
Property Summary
Property Type Multiplex

More like this:
PIN 584340266
Legal Description PT LT 2 E/S PITT ST PL 36 PTS 1 & 2 51R34045; PENETANGUISHENE
Possession Date 60-89 Days
Taxes (2023) $5,420.42
Directions/Cross Streets Wolfe St/Peel St
Neighbourhood Penetanguishene
Area Simcoe
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On E
Special Designations Unknown
Bedrooms 7
Bathrooms 6
Rooms 19
Kitchens 6
Lot 60.54 x 197.99 ft
Acreage <.50
Approximate Square Footage 3500-5000
Approximate Age 51-99
Exterior Alum Siding
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Basement None
Drive Lane
Garage Spaces 0.0
Garage Type None
Parking Spaces 10
Total Parking Spaces 10.0
Heat Source Electric
Heat Type Baseboard
Sewers Sewers
Water Municipal
Zoning R2
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
KitchenMain5.03 m x 4.9 m (16.5 ft x 16.08 ft)
LivingMain4.66 m x 4.04 m (15.29 ft x 13.25 ft)
BrMain3.55 m x 2.81 m (11.65 ft x 9.22 ft)
KitchenMain3.89 m x 3.74 m (12.76 ft x 12.27 ft)
LivingMain4.69 m x 3.54 m (15.39 ft x 11.61 ft)
BrMain4.97 m x 3.04 m (16.31 ft x 9.97 ft)
KitchenMain4.64 m x 3.73 m (15.22 ft x 12.24 ft)
LivingMain4.69 m x 3.73 m (15.39 ft x 12.24 ft)
BrMain3.87 m x 1.99 m (12.7 ft x 6.53 ft)
BrMain3.63 m x 2.55 m (11.91 ft x 8.37 ft)
KitchenMain4.69 m x 2.33 m (15.39 ft x 7.64 ft)
LivingMain4.7 m x 3.75 m (15.42 ft x 12.3 ft)
Bathrooms
Pieces Level
3Main

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.