59 Peel Street

Penetanguishene, ON

MLS® 40569931

For sale
$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, while 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.
Property Details
Parking Total
10
Property Type
Commercial
Community Features
Other
Building
Appliances
Refrigerator
Stove
Bedrooms
7
Building Type
Mixed
Building Only
Construction Materials
Aluminum Siding
Sewer
Sewer (Municipal)
Stories
1
Water Source
Municipal
Land
Lot Depth
197.99 ft
Lot Front
60.54 ft
Acres
< 0.5 Acres
Zoning
R2
HoodQ
Walk Score
Faris Team Real Estate Brokerage
Faris Team Real Estate Brokerage (Midland)

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Listing ID: 148681206
Last Updated: 2024-04-23 16:01:10