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$479,000
Available - For Sale
Listing ID: S8273390
Real Estate Investment opportunity at 106 Robert St. W in the vibrant community of Penetanguishene, ON. The property is under Power of Sale, with a lender eager to SELL. Situated on a bustling artery, the property enjoys exceptional visibility and exposure. Given its Neighbourhood Commercial zoning, it's an ideal location for a wide array of businesses. It's essential to note that while the property currently hosts residential units, the township has issued a work order due to the absence of proper permits and rezoning procedures for one of the units. However, this presents an opportunity for the savvy investor to rectify the situation and unlock the property's full potential.The property is currently configured as two residential units, complemented by an oversized two-car garage. One residential unit stands vacant, awaiting the creative vision of its new owner, while the other unit is currently tenanted. The oversized garage, can also be converted into an income generating opportunity for the new owner. Historically, this property has served as a hub for commercial activities, housing a restaurant within the garage and a retail store. This rich history underscores its commercial viability and potential for lucrative ventures. The new owner can look beyond a restaurant or retail store front: given its zoning and layout, the property presents an excellent prospect for child care providers. Or maybe the new owner can look to capitalize on the demand for wellness and self-care and open a salon or spa. This property is priced VERY competitively and represents an exceptional investment opportunity for entrepreneurial minded individuals. With the potential to reconfigure the space to align with zoning regulations and capitalize on its prime location, investors stand to reap substantial rewards from this promising venture. Don't miss out, seize this opportunity today and unlock the limitless potential of this prime commercial real estate gem.
Price $479,000
Taxes: $4,563
Tax Type: Annual
Occupancy by: Partial
Address: 106 Robert St West , Penetanguishene, L9M 1P1, Ontario
Postal Code: L9M 1P1
Province/State: Ontario
Legal Description: PT LT 44 S/S ROBERT ST PL 37 PENETANGUIS
Lot Size: 85.14 x 91.61 (Feet)
Directions/Cross Streets: Main To Robert
Zoning: Neighbourhood Co
Category: Retail
Use: Other
Building Percentage: Y
Total Area: 3,000
Total Area Code:  Sq Ft
Retail Area: 40
Retail Area Code: %
Financial Statement: N
Chattels: N
Franchise: N
Sprinklers: N
Heat Type: Gas Hot Water
Central Air Conditioning: N
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
YELLOW BRICK REALTY LTD.

106 Robert St West , Penetanguishene, L9M 1P1, Ontario


 
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Type: Com - Commercial/Retail
Area: Simcoe
Municipality: Penetanguishene
Neighbourhood: Penetanguishene
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Lot Size: 85.14 x 91.61(Feet)
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Tax: $4,563
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