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Royal LePage
Royal LePage
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$2,980,000

Penetanguishene ON, L9M 1V4

MLS® # S12567720

Property Information:

If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Basement Development: Unfinished
  • Basement Type: Crawl space
  • Exterior Finish: Brick, Vinyl siding
  • Fire Protection: Smoke Detectors, Security system
  • Floor Space: 5000 - 100000 sqft
  • Foundation Type: Block
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: None
  • Appliances: Dryer, Alarm System, Two stoves, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 13
  • Bathrooms: 12
  • Amenities Nearby: Marina, Park
  • Community Features: School Bus
  • Features: Level lot, Flat site, Dry, Paved yard
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 93.0 Feet
  • Lot Frontage: 94.0 Feet
  • Lot Size: 94 x 93 FT
  • Structure Type: Deck
  • Utility Type: Cable - Installed, Sewer - Installed, Hydro - Installed
  • View Type: City view, View of water
  • WaterFront Type: Waterfront
  • Zoning: CG
  • Sewer: Sanitary sewer
  • Parking Type: No Garage, Shared
  • No. of Parking Spaces: 14

Courtesy of: Team Hawke Realty

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 2 TESSIER DRIVE, Penetanguishene, Ontario, L9M 1V4

Demographic Information of 2 TESSIER DRIVE, Penetanguishene, Ontario, L9M 1V4

Life Stage

Later Years

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,276.44

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.51 %

High school certificate or equivalent

38.63 %

Apprenticeship trade certificate/diploma

5.35 %

College/non-university certificate

23.13 %

University certificate (below bachelor)

0.09 %

University Degree

10.29 %

Commuter

Travel To Work

By Car

87.34 %

By Public Transit

0.0 %

By Walking

8.55 %

By Bicycle

0.0 %

By Other Methods

4.11 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

29.93 %

Houses

70.07 %

Own Vs. Rent

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