For Sale
11 Peel Street
Penetanguishene, ON, L9M 1A5
$1,349,900
Professionally managed 6-unit property, all but unit 2 at market rent. Unit 1 is occupied by owner potential rent at $2200. Lake views nestled in the heart of town with easy access to all amenities. Approx. annual gross Income of $122,400 makes this an attractive opportunity for any investor. Units include 1-Huge 3 Bed Unit with basement, 1x2 Bed Unit, and 4x1 Bed units, each unit with its own hydro panel. Unit 1 has a new f/a furnace, S/S appliances, and washer/dryer. Units 2-6 are baseboard heated and all water heaters are owned. New metal roof, windows and deck in 2021 + cameras installed (as is). Ample parking spaces for 7-10 vehicles. Financials available upon request.
Property Specification
| MLS Number | 40568372 |
| Property Type | Residential Income |
| Building Area | 2,592 Square Feet |
| Total Bedrooms | 9 |
| Basement | Partial, Partially Finished |
| Above Grade Sqf | 2,592 Square Feet |
| Cooling | None |
| Heating | Baseboard, Forced Air, Natural Gas |
| Parking Spaces | 7 |
| Sewage | Sewer (Municipal) |
| Waterfront | 0 |
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Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
Listing courtesy of: RE/MAX Hallmark Chay Realty Brokerage