59 Peel Street Penetanguishene, Ontario L9M 1B7
$1,099,000
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:52042)
Property Details
| MLS® Number | 40569931 |
| Property Type | Office |
| Features | Paved Driveway |
| Parking Space Total | 10 |
Building
| Basement Type | None |
| Constructed Date | 1930 |
| Exterior Finish | Aluminum Siding |
| Stories Total | 1 |
| Size Exterior | 4399.0000 |
| Size Interior | 4399 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 198 Ft |
| Size Frontage | 61 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/26752566/59-peel-street-penetanguishene
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April 15 2024 06:01:33
Barrie & District Association of REALTORS® Inc.
Faris Team Real Estate Brokerage, Faris Team Real Estate Brokerage (Midland)