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, 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. (id:52042)
Property Details
| MLS® Number | 40569928 |
| Property Type | Multi-family |
| Features | Paved Driveway |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 7 |
| Basement Type | None |
| Constructed Date | 1930 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| 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/26752567/59-peel-street-penetanguishene
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April 16 2024 03:01:36
Barrie & District Association of REALTORS® Inc.
Faris Team Real Estate Brokerage, Faris Team Real Estate Brokerage (Midland)