332 Champlain Road, Penetanguishene - Multi-family for Sale

Description

LEGAL DUPLEX ON OVER HALF AN ACRE WITH WATER VIEWS, TWO SELF-CONTAINED UNITS, DETACHED GARAGE & INCOME POTENTIAL! Set on more than half an acre directly across from Penetang Harbour, this side-by-side duplex gives you one property with two self-contained living spaces, opening the door to rental income potential, multi-generational living or the option to build your investment portfolio. Offering over 1,600 sq. ft. with five bedrooms and two full bathrooms, the home is arranged as a 3-bedroom unit and a 2-bedroom unit, each with its own laundry and separate electrical meter. The 3-bedroom unit features a fully renovated bathroom and some newer windows and is currently rented month-to-month for $2,000 per month plus utilities. The 2-bedroom unit has been updated with recently replaced flooring, a renovated bathroom, fresh paint throughout and upgraded plumbing and is leased until May 2027 for $1,595 per month plus utilities. Both tenants are responsible for their own snow removal and yard maintenance and are willing to stay. The 130 x 176 ft lot extends to roughly 220 ft deep on one side, providing over half an acre with water views, a detached single garage, two storage sheds and parking for four additional vehicles. Penetang Harbour sits directly across the road and Harbour West Marina is just steps away, putting boating and waterfront walks within easy reach, while Discovery Harbour, King's Wharf Theatre, Rotary Champlain Wendat Park, local schools and downtown Penetanguishene add even more to the location. For buyers looking to keep family close with separate living quarters, offset ownership costs or add an income property to their portfolio, 332 Champlain Road offers more than one way to make the property work for you. (id:66096)

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