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1 SIMCOE Street

Penetanguishene

1 SIMCOE Street, Penetanguishene, Ontario, L9M1V2
Property TypeOffice Lot Size0.05 acres
Building Area3058

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:53986)


Details
Amenities NearbyPublic Transit CommunicationHigh Speed Internet
Community FeaturesHigh Traffic Area FeaturesVisual exposure
OwnershipFreehold TransactionFor sale
Zoning DescriptionDW
Building
BasementFull Exterior FinishBrick
FoundationStone Size Exterior3058.0000
Size Interior3058 sqft Storeys Total2
Utility WaterMunicipal water
Land
Size Total0.045 ac|under 1/2 acre Size Frontage43 ft
AmenitiesPublic Transit SewerMunicipal sewage system
Size Irregular0.045

Listing Office: Keller Williams Co-Elevation Realty, Brokerage (Midland)

Data Provided by The Lakelands Association of REALTORS®

Last Modified :18/06/2024 01:01:52 PM

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