59 Peel St
Penetanguishene, Penetanguishene, L9M 1B7
FOR SALE
$1,099,000
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7
BEDROOMS6
BATHROOMS6
KITCHENS19
ROOMSS8235500
MLSIDContact Us
Property Description
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, when 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-12-08 | 2024-01-19 | 42 | $999,900 | - | Terminated |
| 2023-11-23 | 2023-12-08 | 15 | $1,095,000 | - | Terminated |
| 2023-10-02 | 2023-11-22 | 51 | $1,250,000 | - | Terminated |
| 2023-09-20 | 2023-10-02 | 12 | $1,349,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Multiplex, Other
Approximate Sq.Ft.
3500-5000
Lot Size
61' x 198'
Acreage
< .50
Fronting
East
Taxes
$5,420 (2023)
Basement
None
Exterior
Alum Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
10
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 16.08' x 16.50' | |
| Living | Main | 13.25' x 15.29' | |
| Br | Main | 9.22' x 11.65' | |
| Kitchen | Main | 12.27' x 12.76' | |
| Living | Main | 11.61' x 15.39' | |
| Br | Main | 9.97' x 16.31' | |
| Kitchen | Main | 12.24' x 15.22' | |
| Living | Main | 12.24' x 15.39' | |
| Br | Main | 6.53' x 12.70' | |
| Br | Main | 8.37' x 11.91' | |
| Kitchen | Main | 7.64' x 15.39' | |
| Living | Main | 12.30' x 15.42' |
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Listing contracted with Faris Team Real Estate
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