(705) 606-2510

For local information and real estate questions
1 SIMCOE Street Penetanguishene

1 SIMCOE Street, Penetanguishene

$799,900

Incredible Investment Opportunity Ready For Immediate Possession. Conveniently Located In Historic Downtown Penetanguishene, This Very Clean Three-Unit Corner Building Off Main Street Still Has Its High Ceilings And Original Vaults From 20th Century Tenants (Bank & Insurance Brokers). Occupies A Prime Location For High Traffic Storefront Businesses And Remains Ideally Accessible For Residential Tenants. Unit “A” Offers A Large Open Concept Main Level Commercial Space With Separate Office And An Additional Full-Height Basement (Dry) For Storage And A Bathroom. Unit “B” Consists Of Two Large Rooms, Two Basement Storage Spaces And A Bathroom. Both Commercial Units Have Great Visibility From Main Street. The Upper Level Of The Building, Previously Configured As Two Separate Residential Units, Has More Recently Been Opened Up Into One Large 2-Bed/2-Bath Apartment Space With High Ceilings, Original Hardwood Floors And Lush Carpeting. Potential Of Redeveloping The Second Unit Would Be A Great Way To Increase Revenues And Make The Building Even More Profitable. All Units In The Building Are Currently Vacant And Ready For Tenants To Move In At Market Rents, Meaning You’ll Be Able To Choose Your Own Tenants And The Property Will Be Profitable From The Beginning, 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. A Great Opportunity To Own A Unique Building In An Exceptional Small-Town Setting. Don’t Miss This Excellent Opportunity To Invest. (id:45568)
  • Listing ID: 40479828
  • Property Type: Office
View Additional Photos
Schedule a Showing
Get More Information

Details

  • Amenities Nearby: Public Transit
  • Communication: High Speed Internet
  • Community Features: High Traffic Area
  • Features: Visual exposure
  • Ownership: Freehold
  • Transaction: For sale
  • Zoning Description: DW

Building

  • BasementType: Full
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Stone
  • Size Exterior: 3058.0000
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Sewer: Municipal sewage system
  • Size Frontage: 43 ft
  • Size Irregular: 0.045
  • Size Total: 0.045 ac|under 1/2 acre

REALTOR® MLS®
Listing provided by Keller Williams Co-Elevation Realty, Brokerage (Midland)
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

Powered by REALTOR®
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.

    Request More Information

    Looking for more information or to schedule a showing? Contact Paul Casey today.

    Are you under contract with a real estate agent or REALTOR®?
    YesNo

    You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

    This property for sale located at 1 SIMCOE Street in Penetanguishene was last modified on September 19th 2023. Contact Paul Casey today and schedule a viewing or subscribe to other properties for sale in Penetanguishene.

    Request a Showing

      Your Preferences

      Are you under contract with a real estate agent or REALTOR®?YesNo

      You've indicated that you are currently working with a REALTOR®. Please be advised that REBBA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

      Are you a real estate agent or REALTOR®?YesNo

      You've indicated that you are a REALTOR® looking to schedule an appointment. This is not a Royal LePage Locations North property and we cannot schedule showing requests. Please contact the listing agent.

      When are you available?

      Terms of Use Agreement

      Terms of Use
      This website is operated by Royal LePage Locations North, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Royal LePage Locations North, and CREA.

      Copyright
      The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

      Trademarks
      REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

      Liability and Warranty Disclaimer
      The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

      Amendments
      Royal LePage Locations North may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

      AgreeDecline