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Penetanguishene,ON L9M 1V4
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Penetanguishene
MLS Listing ID S12567720
Style 3-Storey
Bedrooms 13
Annual Tax Amount $15,859
Tax Year 2025
Property Sub-Type Multiplex
Property Description
If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request.
Location
Province ON
County Simcoe
Community Penetanguishene
Area Simcoe
Rooms
Family Room No
Basement Crawl Space,Unfinished
Kitchen 12
Interior
Interior Features Separate Heating Controls,Separate Hydro Meter,Storage,Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck,Paved Yard,Privacy
Parking Features Private,Unreserved
Pool None
View Bay,City,Downtown,Marina,Water,Trees/Woods
Roof Type Asphalt Shingle
Topography Dry,Flat
Lot Frontage 94.0
Lot Depth 93.0
Total Parking Spaces 14
Building
Building Age 51-99
Unit Features Level,Marina,Park,Place Of Worship,Waterfront,School Bus Route
Foundation Block
Others
Security Features Heat Detector,Smoke Detector,Security System
ParcelsYN No