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Penetanguishene
59 PEEL Street
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59 PEEL Street $1,099,000
$1,099,000
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59 PEEL Street
Penetanguishene, Ontario L9M1B7

MLS® Number: 40569928
7
Bedrooms
6
Bathrooms
4399
Square Feet

Listing Description

Top 5 Reasons You Will Love This Property: 1) Rare six-plex, one-story building offers convenience while being ideally situated in-town and within walking distance to amenities and the stunning Georgian Bay 2) One bedroom rents proven out to get $1750/month, when the remaining five units are renovated and brought to market rate potential to increase value by $1 million+ 3) $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents 4) Additional value opportunity with each unit having two parking spaces 5) Incredible opportunity to generate passive income. Visit our website for more detailed information. (67322495)

Location Description

Wolfe St/Peel St

Property Summary

Property Type
Multi-family
Storeys
1
Square Footage
4399 sqft
Subdivision Name
PE01 - East of Main Street
Title
Freehold
Land Size
under 1/2 acre
Built in
1930
Annual Property Taxes
$5,420
Total Parking Spaces
10
Time on REALTOR.ca
63 days

Building

Bathrooms
Total
6
Interior Features
Basement Type
None
Building Features
Features
Paved driveway
Total Units
6
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters, (Electric)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding
Parking
Total Parking Spaces
10

Measurements

Square Footage
4399 sqft
Above Grade Finished
4399 sqft
Source: Other

Land

Lot Features
Frontage
61 ft
Land Depth
198 ft
Other Property Information
Zoning Description
R2
Data provided by: Barrie & District Association of REALTORS® Inc. 676 Veterans Drive, Barrie, Ontario L9J 0H6
705-797-8485
705-797-8486
View Listing on REALTOR® Website
Email
Book showing
Faris Team Real Estate Brokerage
443 Bayview Drive
Barrie, Ontario L4N8Y2
705-797-8485
705-797-8486
Office Website
705-527-1887
705-797-8486
View Listing on REALTOR® Website
Email
Book showing
Faris Team Real Estate Brokerage (Midland)
531 King St
Midland, Ontario L4R3N6
705-527-1887
705-797-8486
Office Website

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Mark Faris