10 Water Street, Penetanguishene, Ontario, L9M1V6

For saleJust listed

5 days ago

$500K

10 Water Street, Penetanguishene, Ontario, L9M1V6

3 bd2 ba5 pk1,750 ft²Lot size 49 × 155 ft (7,552 sq ft)

Listed by Real Broker Ontario Ltd.

54 Edward Street, Penetanguishene, Ontario, L9M1J8

For sale

77 days ago

$780K

54 Edward Street, Penetanguishene, Ontario, L9M1J8

4 bd3 ba6 pk1,750 ft²Lot size 61 × 121 ft (7,369 sq ft)

Listed by Chase Realty Inc., Brokerage

Investment analysis

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$659,900

Penetanguishene

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$659,900

For sale

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32 Maria Street, Penetanguishene - Multi-family for Sale

32 Maria Street, Penetanguishene, Ontario, L9M1L7

3 beds3 baths8 parking2,250 ft²49 × 167 ft (8,225 sq ft) lot sizeListed 13 days ago

Overview

This multi-family property in Penetanguishene is for sale offering roughly 2,250 sq ft of space. It has been on the market 13 days, fresher than the Penetanguishene average of 66 days.

Multi-Family Properties for Sale in Penetanguishene →All real estate in Penetanguishene →

Description

Fantastic Investment Opportunity or Live-In Income Property in Penetanguishene! Welcome to 32 Maria Street, a well maintained multiplex offering excellent potential for both first time buyers and seasoned investors. Featuring three one-bedroom units, this property offers a fantastic opportunity to generate rental income while building equity. Two units are currently tenanted, while the third is vacant and ready for its next occupant. Looking to get into the market? Live in one unit and let the rental income from the other two help supplement your mortgage payments, or secure your own A+ tenant to maximize your investment potential. Outside, you'll find ample parking for 8+ vehicles, a detached garage/storage shop that was previously used as a personal workshop, plus additional storage space ideal for housing lawn care and snow removal equipment. Whether you're looking to expand your investment portfolio or take your first step into homeownership with the added benefit of rental income, this versatile property is full of opportunity. Don't miss your chance to explore the possibilities here! (id:66096)

Property Details

MLS®: S14106278
Property Type: Multi-family
Zoning: R2
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 8
Interior Size: 2,250 ft²
Lot Size: 49 × 167 ft (8,225 sq ft)
Frontage: 49 ft
Storeys: 2
Basement: Partially finished, N/A
Heating: Natural gas
Cooling: None
Garage: Detached Garage, Garage
Property Tax: $3,953/yr
Listed: 13 days ago

Rooms

Main level

Kitchen: 4.22 x 3.41 meters
Living room: 4.61 x 5.36 meters
Other: 4.91 x 5.06 meters
Foyer: 4.76 x 2.44 meters
Bathroom: 3.2 x 2.04 meters
Kitchen: 3.99 x 3.41 meters
Living room: 3.48 x 3.51 meters
Bedroom: 2.68 x 5.36 meters
Bathroom: 1.25 x 2.01 meters

Second level

Living room: 4.91 x 3.23 meters

Features

Appliances: Water Heater
Foundation: Stone, Block
Exterior: Aluminum siding
Lot Features: Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Penetanguishene listings, avg age

66d

Price / ft²

$293

List price

$660K

Haho

This 3-bed multi-family in Penetanguishene has been listed for 13 days, which is 53 days fresher than the city average of 66. Act while there is still low competition.

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Listed by Royal LePage In Touch Realty · AARON PAUZE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9M)

This home lists at $659,900, about 8.7× the local median household income of $76,000.

Carrying it typically needs a household income of about $128,902 (20% down, 25-yr amortization, stress-tested) — roughly 70% above the area median.

Median household income: $76,000
Population: 16,607
Median age: 53.2
Owner / renter: 83% / 17%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L9M)

$659,900· $293/ft²

For sale

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Full Cost Breakdown

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Down Payment6.21% · $40,990.00

Min 6.21%50%

Mortgage payment$3,431/mo

↳ CMHC premium ($24,756 capitalized)

Property tax (est.)$329/mo

Total monthly$3,761

Cash Needed to Close

Down payment (6.21%)$40,990

Land transfer tax$9,673

Est. closing costs$4,480

Total cash needed$55,143

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