ON > Penetanguishene > Penetanguishene
Penetanguishene, ON L9M 1V4,2 Tessier DR
Penetanguishene, ON L9M 1V4,2 Tessier DR
Penetanguishene, ON L9M 1V4,2 Tessier DR
Penetanguishene, ON L9M 1V4,2 Tessier DR
Penetanguishene, ON L9M 1V4,2 Tessier DR
Penetanguishene, ON L9M 1V4,2 Tessier DR
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 2,980,000
Est. payment | /mo

13 Beds

12 Baths

Save
$ 2,980,000
Est. payment | /mo
Save

13 Beds

12 Baths

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

Listed by Team Hawke Realty
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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2 Tessier DR