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$739,000
Available - For Sale
Listing ID: S11969608
79 & 81 Main Street - Fully tenanted - Located on one of the most desirable areas in the downtown core, this commercial/residential building is bursting with potential. Just steps to shopping, restaurants, services & waterfront. Currently CG-7 zoning, (DW zoning in 2023) allows for a wide variety of commercial/residential uses. A spacious main floor plan offers 2 separate open concept commercial spaces. The main floor interior is renovated, maintained & upgraded with modern decor; featuring Pot lights, gorgeous flooring, exposed brick walls and finishes from the original construction era. The exterior is low maintenance brick & sleek large commercial grade signage. This comprehensive CG-7/DW Zoning & site offers many development options to expand the commercial space or add on multi-residential units. Plenty of room to build out an additional residential unit in the back of the main floor. The second floor boasts two large apartments. The back unit currently offers one bedroom plus TWO dens. The front apartment with views of Georgian Bay is a one bedroom, with den & laundry. Both units with large Skylights. The basement is partially finished with tons of storage space or create another unit. This building is the perfect spot for a retailer, hotel, restaurant, lawyer, accountant, doctor, therapist, realtor, or entrepreneur looking for a well-presented office in the downtown core with endless opportunities with ongoing business development & improvements nearby. Please note this town has a Community Improvement Plan
Price $739,000
Taxes: $4,950
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 79 Main Street , Penetanguishene, L9M 1S8, Simcoe
Postal Code: L9M 1S8
Province/State: Simcoe
Directions/Cross Streets: Main & Robert
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Other
Building Percentage: T
Total Area: 4,323
Total Area Code:  Square Feet
Retail Area: 2181
Retail Area Code: Sq Ft
Approximatly Age: 100+
Taxes Expense: $4950
Insurance Expense: $4100
 Management Expense: 0
Maintenance: 0
 Heat Expenses: $2100
 Hydro Expense:  $2690
Water Expense: $350
Gross Income/Sales: $54600
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: F
Heat Type: Other
Central Air Conditioning: Yes
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ROYAL LEPAGE FIRST CONTACT REALTY

79 Main Street , Penetanguishene, L9M 1S8, Simcoe


 
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At a Glance:
Type: Com - Commercial Retail
Area: Simcoe
Municipality: Penetanguishene
Neighbourhood: Penetanguishene
Style:
Lot Size: 26.00 x 0.00(Feet)
Approximate Age: 100+
Tax: $4,950
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
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