1 Water Street Penetanguishene, Ontario L9M 1V5
$1,397,777
GREAT INVESTMENT OPPORTUNITY - A BEAUTIFUL HISTORIC 1840s 2-STOREY 5700 sq ft BRICK BUILDING ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN STREET IN PENETANGUISHENE A FEW BLOCKS FROM THE WATERFRONT. IT IS CURRENTLY BEING USED AS A COMMERCIAL AND RESIDENTIAL INCOME PRODUCER, FULLY TENANTED, LOTS OF PARKING. MAIN FLOOR INCLUDES 3 COMMERCIAL SPACES. SECOND FLOOR HAS 3 RESIDENTIAL APARTMENTS - A 3-BEDROOM SUITE & TWO 2-BEDROOM SUITES. VERY WELL MAINTAINED BUILDING WITH MAJOR IMPROVEMENTS AND UPGRADES (OVER $600,000) INCLUDING ROOF 2020, BOILER, A/C SYSTEM, UPDATED ELECTRICAL AND PLUMBING, FIRE-PROOFING, SIGNIFICANT UPGRADES TO APTS, NEW WINDOWS & DOORS ON 2ND LEVEL AND HANDPAINTED MURALS ON EXTERIOR DEPICTING HISTORY OF THE BUILDING. LOADED WITH ORIGINAL CHARACTER. A FULL SPRAWLING BASEMENT WITH ACCESS TO PARKING IDEAL FOR STORAGE, SHIPPING AND RECEIVING. 2 VEHICLE GARAGE AT REAR. IT IS ONE OF THE OLDEST COMMERCIAL SITES IN ONTARIO STILL IN OPERATION, ORIGINALLY USED BY NATIVES (METIS & OJIBWAY) TO TRADE FURS. OWNERS RETIRING. OWNERS RUN LONG ESTABLISHED AND VERY SUCCESSFUL GREEN BLOCK TRADING POST BUSINESS FROM ONE OF THE COMMERCIAL SPACES WHICH FOCUSSES ON SALE OF LOTTERY TICKETS, CIGARETTES, TOBACCO PRODUCTS, NATIVE AND NAUTICAL ITEMS. (id:55319)
Property Details
| MLS® Number | 40404263 |
| Property Type | Other |
| Amenities Near By | Shopping |
| Community Features | High Traffic Area |
| Equipment Type | None |
| Features | Corner Site, Visual Exposure |
| Rental Equipment Type | None |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1840 |
| Exterior Finish | Brick, Stone |
| Flooring Type | Hardwood |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Exterior | 5694.0000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 62 Ft |
| Size Frontage | 93 Ft |
| Zoning Description | Comm |
https://www.realtor.ca/real-estate/25485028/1-water-street-penetanguishene
Interested?
Contact us for more information
Don Cadieux
Salesperson
(705) 446-3992
224 Ste. Marie Street
Collingwood, Ontario L9Y 3K5
(705) 446-3991
(705) 446-3992
www.suttonincentive.com
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September 25 2023 03:48:31
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Sutton Group Incentive Realty Inc. Brokerage