332 Champlain Road, Penetanguishene, ON

Property Description

Legal Duplex On Over Half An Acre With Water Views, Two Self-Contained Units, Detached Garage & Income Potential!

332 Champlain Road sits directly across from Penetang Harbour on more than half an acre, with water views, mature trees and plenty of land surrounding the home. The 130 x 176 ft lot extends to approximately 220 ft deep on one side, with a detached single garage, two storage sheds and parking for four additional vehicles.

Offering over 1,600 sq. ft. above grade, the side-by-side duplex is arranged as two self-contained living spaces with five bedrooms and two full bathrooms between them. The 3-bedroom unit includes some newer windows and a fully renovated bathroom, while the 2-bedroom unit has recently replaced flooring, a renovated bathroom, fresh paint throughout and upgraded plumbing.

Each unit has its own laundry and separate electrical meter, allowing the two residences to function independently. The 3-bedroom unit is currently rented month-to-month for $2,000 per month plus utilities, while the 2-bedroom unit is leased until May 2027 for $1,595 per month plus utilities. Both tenants are responsible for their own snow removal and yard maintenance and are willing to stay.

The surrounding area brings plenty of lifestyle value, with Harbour West Marina, Discovery Harbour, King’s Wharf Theatre, Rotary Champlain Wendat Park, local schools and downtown Penetanguishene all nearby. Midland is also a short drive away for additional shopping, dining and services.

For buyers looking for income potential, separate space for extended family or a way to offset ownership costs, 332 Champlain Road offers two independent living spaces, over half an acre of land and the flexibility to make one property work in more than one way.

Interested in this property? Contact The Peggy Hill Team today at (705)-739-4455 or book your showing here!