$ 2,980,000
-
$2,980,000
Price -
13
Bed -
12
Bath -
5,000
SqFt
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About the Listing 552700 -
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.
Listing Highlights
Interior Details
- Bedrooms: 13
- Bathrooms: 12 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space,Unfinished
- Other: Separate Heating Controls,Separate Hydro Meter,Storage,Water Heater Owned
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle
- Others: Deck,Paved Yard,Privacy
- Sewer: Sewer
- Parking Features: Private,Unreserved
Financial Details
- Tax Amount: $15,860
- Taxes w/Assessments: N/A
- Tax/Property ID: 584320107
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2 Tessier Dr Penetanguishene, ON L9M 1V4
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