Property Details
1 WATER Street, Penetanguishene, Ontario, L9M1V5

Office
Forest Hill Real Estate Inc. Brokerage
Tel: 705-765-1200
Website
$1,397,777 - For sale
INVESTORS & ENTREPRENEURS - GREAT OPPORTUNITY TO BUY A BEAUTIFUL HISTORIC 1840s 2-STOREY 5700 sq ft BRICK BUILDING ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN STREET IN PENETANGUISHENE A FEW BLOCKS FROM THE WATERFRONT. IT IS CURRENTLY BEING USED AS A MIXED COMMERCIAL/RESIDENTIAL INCOME PRODUCER. MAIN FLOOR INCLUDES 3 SEPARATE COMMERCIAL SPACES. SECOND FLOOR HAS 3 RESIDENTIAL APARTMENTS - A 3-BEDROOM SUITE & TWO 2-BEDROOM SUITES. CURRENT OWNERS PURCHASED AND HAVE RUN THE LONG ESTABLISHED VERY SUCCESSFUL GREEN BLOCK TRADING POST BUSINESS WHICH HAS AN EXCELLENT CLIENT BASE AND SIGNIFICANT REGULAR TOURIST TRAFFIC. IT FOCUSSES ON THE SALE OF LOTTERY TICKETS, CIGARETTES & TOBACCO PRODUCTS, NATIVE HANDMADE ITEMS, ARTIFACTS, ARTWORK, CRAFTS, BEADWORK, NAUTICAL ITEMS, URNS AND A KEY-CUTTING OPERATION. VERY WELL MAINTAINED BUILDING WITH MAJOR IMPROVEMENTS AND UPGRADES (OVER $600,000) INCLUDING ROOF 2020, BOILER, A/C SYSTEM, UPDATED ELECTRICAL AND PLUMBING, FIRE-PROOFING, SIGNIFICANT UPGRADES TO APTS, NEW WINDOWS & DOORS ON 2ND LEVEL AND HANDPAINTED MURALS ON EXTERIOR DEPICTING HISTORY OF THE BUILDING. LOADED WITH ORIGINAL CHARACTER. A FULL SPRAWLING BASEMENT WITH ACCESS TO PARKING IDEAL FOR STORAGE, SHIPPING AND RECEIVING. 2 VEHICLE GARAGE AT REAR. IT IS ONE OF THE OLDEST COMMERCIAL SITES IN ONTARIO STILL IN OPERATION, ORIGINALLY USED BY NATIVES (METIS & OJIBWAY) TO TRADE FURS. OWNERS RETIRING. (id:2471)
Location DescriptionHWY 93 TO MAIN STREET. PROPERTY IS ON CORNER OF WATER & MAIN
- Property Address:1 WATER Street, Penetanguishene, Ontario, L9M1V5
- Property Type:Other
- Title:Freehold
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Access:Road access
- Driveway:Detached Garage
- Building Age:1840
- Heating Type:Hot water radiator heat
- Storeys:2
- Flooring:Hardwood
- Basement Type:Full (Unfinished)
- Rental Equipment:None
- Exterior Type:Brick, Stone
- Amenities Nearby:Shopping
Office
Forest Hill Real Estate Inc. Brokerage
Tel: 705-765-1200
Website
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 1 WATER Street, Penetanguishene, Ontario, L9M1V5
- Neighbourhood Information
1 WATER Street, Penetanguishene, Ontario, L9M1V5
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