$1,099,000 $5,900 est/mo Sourced by Back At You

59 Peel Street,Penetanguishene, ON L9M 1B7

Penetanguishene ON, L9M 1B7

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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.

Details

MLS#40569928
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1930
Days On Site33
Listing Provided ByFaris Team Real Estate Brokerage | Mark Faris

Features

Bed(s)7
Bath(s)6
SQ Feet4,399
Story(s)1
Units6
ZoningR2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountySimcoe County
CityPenetanguishene
Postal CodeL9M 1B7
AreaPenetanguishene
SubareaPE01 East of Main Street
Community NamePE01 East of Main Street
Listing VS Median (in PE01 East of Main Street)
Price:
$1,099,000
low | high
Med:
$794,900
77.670609645132% of Average
SqFt:
4,399
low | high
Med:
1,177
100% of Average
$ / SqFt:
$250
low | high
Med:
$675
100% of Average
On Site:
33
low | high
Med:
44.000000
75% of Average
Sourced by Back At You
Listing Updated: April 25, 2024 at 2:35:50 PM PDT