1 Simcoe Street Penetanguishene, Ontario L9M 1V2

$715,000

Exceptional Historic Mixed-Use Investment Opportunity in the Heart of Downtown Penetanguishene! Located on a prominent corner along historic Main Street, this character-rich, well-maintained building offers three vacant units ready for immediate occupancy ideal for investors, business owners, or live-work buyers looking to make their mark in a vibrant small-town setting. This property offers outstanding visibility, foot traffic, and flexibility for various business types. The main-level features two commercial units: Unit A: Bright open-concept space with a private office, bathroom, and full-height dry basement perfect for retail or professional use. Unit B: Two large rooms with great Main Street exposure, plus two basement storage areas and a bathroom. Upstairs, Unit C spans the entire top floor a spacious 2-bedroom, 2-bath residential apartment showcasing soaring ceilings, original hardwood floors, a cozy gas fireplace, and natural light from windows on all sides. The layout offers future potential to split into two separate units, significantly enhancing rental income.All units are vacant, giving you the freedom to set market rents, hand-pick tenants, or explore a live-work arrangement. Whether you're looking to invest, relocate your business, or enjoy rental income in a thriving community, this is an opportunity you don't want to miss.Own a piece of Penetanguishene's charm steps to the waterfront, shops, and key amenities! (id:42776)

Property Details

MLS® Number	S12279336
Property Type	Retail
Community Name	Penetanguishene
Features	Irregular Lot Size

Building

Age	100+ Years
Heating Type	Other
Size Exterior	3217 Sqft
Size Interior	3,217 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	40 Ft ,10 In
Size Frontage	38 Ft ,1 In
Size Irregular	Bldg=38.13 X 40.86 Ft
Size Total Text	Bldg=38.13 X 40.86 Ft
Zoning Description	Dw

https://www.realtor.ca/real-estate/28593499/1-simcoe-street-penetanguishene-penetanguishene