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59 Peel St

Peel St, Penetanguishene, Penetanguishene, ON, L9M 1B7

7
Beds
6
Baths
3,500 - 5,000
Sq. Ft.
$1,099,000
List Price
Details
Photos
9
Comparables
History
59 Peel St, Penetanguishene, ON - 1 of 3
59 Peel St, Penetanguishene, ON - 2 of 3
59 Peel St, Penetanguishene, ON - 3 of 3
New
17 days on market

Quick Summary

  • Rare six-plex, one-story building offers convenience
  • One bedroom rents proven to get $1750/month
  • $60,276 in annual net operating income potential
  • Each unit has two parking spaces
  • Opportunity to generate passive income

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... Show More

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.

Additional Media

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Property Details

Size

3,500 - 5,000 sq. ft.
12 total rooms
7 Beds
7 Above Grade
6 Baths

Parking

10 Parking Spaces
None

Build

Year Built
1925 - 1973
Model Name
-
Basement
None
Exterior
Alum Siding
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Baseboard
Cooling
None

Utilities

Water
-
Sewer
Sewers
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Rooms

Kitchen

16′ x 16′6″

Living

13′3″ x 15′3″

Br

9′2″ x 11′7″

Kitchen

12′3″ x 12′9″

Living

11′7″ x 15′4″

Br

9′11″ x 16′3″

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Ownership Details

Ownership

Title
Freehold
Zoning
Residential

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$5,420.42

Source

Listing Brokerage

MLS® Listing
S8235500
Last Updated
April 23, 2024
Brokerage
FARIS TEAM REAL ESTATE
Call us 800-591-0566

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