$1,099,000 FOR SALE

Office

Lot: 61 x 198 ft

59 Peel Street
Penetanguishene, ON L9M 1B7

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, while 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. (id:47423)

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Listed By Faris Team Real Estate Brokerage, Faris Team Real Estate Brokerage (Midland)
Data Provided By Barrie & District Association of REALTORS® Inc.
MLS® Listing Number 40569931
Last Updated Apr 15, 2024
Property Summary
Property Type Office

More like this:
Subdivision PE01 - East of Main Street
Price History
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Detailed Information
Lot 61 x 198 ft
Features Paved driveway
Listing Contract Date 2024-04-11
Location Description Wolfe St/Peel St
Ownership Type Freehold
# of Parking Spaces 10
Property Type Office
Transaction Type For sale
Zoning Description R2
Building
Basement Type None
Constructed Date 1930
Exterior Finish Aluminum siding
Stories Total 1
Size (Exterior) 4399
Utility Water Municipal water
Land
Total Size under 1/2 acre
Sewer Municipal sewage system
External Links

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