KAREN NIMIGON
Office: 705-457-2128

Property Details

1 WATER Street, Penetanguishene, Ontario, L9M1V5

1 WATER Street, Penetanguishene, Ontario, L9M1V5 (ID 40404263)
Representative
Karen Nimigon portrait
Karen Nimigon
Broker SRS - ABR - SRES
Century 21 Granite Realty Group Inc. Brokerage - Haliburton*
Cell: 705-457-6505
Tel: 705-457-2128
Toll free: 888-805-9106
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$1,397,777 - For sale

ID#:40404263

INVESTORS & ENTREPRENEURS - GREAT OPPORTUNITY TO BUY A BEAUTIFUL HISTORIC 1840s 2-STOREY 5700 sq ft BRICK BUILDING ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN STREET IN PENETANGUISHENE A FEW BLOCKS FROM THE WATERFRONT. IT IS CURRENTLY BEING USED AS A MIXED COMMERCIAL/RESIDENTIAL INCOME PRODUCER. MAIN FLOOR INCLUDES 3 SEPARATE COMMERCIAL SPACES. SECOND FLOOR HAS 3 RESIDENTIAL APARTMENTS - A 3-BEDROOM SUITE & TWO 2-BEDROOM SUITES. CURRENT OWNERS PURCHASED AND HAVE RUN THE LONG ESTABLISHED VERY SUCCESSFUL GREEN BLOCK TRADING POST BUSINESS WHICH HAS AN EXCELLENT CLIENT BASE AND SIGNIFICANT REGULAR TOURIST TRAFFIC. IT FOCUSSES ON THE SALE OF LOTTERY TICKETS, CIGARETTES & TOBACCO PRODUCTS, NATIVE HANDMADE ITEMS, ARTIFACTS, ARTWORK, CRAFTS, BEADWORK, NAUTICAL ITEMS, URNS AND A KEY-CUTTING OPERATION. VERY WELL MAINTAINED BUILDING WITH MAJOR IMPROVEMENTS AND UPGRADES (OVER $600,000) INCLUDING ROOF 2020, BOILER, A/C SYSTEM, UPDATED ELECTRICAL AND PLUMBING, FIRE-PROOFING, SIGNIFICANT UPGRADES TO APTS, NEW WINDOWS & DOORS ON 2ND LEVEL AND HANDPAINTED MURALS ON EXTERIOR DEPICTING HISTORY OF THE BUILDING. LOADED WITH ORIGINAL CHARACTER. A FULL SPRAWLING BASEMENT WITH ACCESS TO PARKING IDEAL FOR STORAGE, SHIPPING AND RECEIVING. 2 VEHICLE GARAGE AT REAR. IT IS ONE OF THE OLDEST COMMERCIAL SITES IN ONTARIO STILL IN OPERATION, ORIGINALLY USED BY NATIVES (METIS & OJIBWAY) TO TRADE FURS. OWNERS RETIRING. (id:2471)

Location DescriptionHWY 93 TO MAIN STREET. PROPERTY IS ON CORNER OF WATER & MAIN

Property Details
  • Property Address:1 WATER Street, Penetanguishene, Ontario, L9M1V5
  • Property Type:Other
  • Title:Freehold
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access
  • Driveway:Detached Garage
Structure Details for 1 WATER Street, Penetanguishene, Ontario, L9M1V5
  • Building Age:1840
  • Heating Type:Hot water radiator heat
  • Storeys:2
  • Flooring:Hardwood
  • Basement Type:Full (Unfinished)
  • Rental Equipment:None
  • Exterior Type:Brick, Stone
Amenities for 1 WATER Street, Penetanguishene, Ontario, L9M1V5 Corner Site, Visual exposure, High Traffic Area
  • Amenities Nearby:Shopping
Representative
Karen Nimigon portrait
Karen Nimigon
Broker SRS - ABR - SRES
Century 21 Granite Realty Group Inc. Brokerage - Haliburton*
Cell: 705-457-6505
Tel: 705-457-2128
Tollfree: 888-805-9106
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1 WATER Street, Penetanguishene, Ontario, L9M1V5

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