$749,900
Penetanguishene
$749,900
Penetanguishene
70 Main Street, Penetanguishene, Ontario, L9M1T4
This retail property in Penetanguishene is for sale offering roughly 4,352 sq ft of space. It has been on the market 19 days, fresher than the Penetanguishene average of 66 days.
Discover an exceptional investment opportunity in the heart of Penetanguishene. This well-established mixed-use commercial property offers multiple income streams and outstanding long-term potential. Home to the iconic Captain Ken's Diner & Pub, a community favourite for decades, the main level features a fully equipped restaurant space with excellent Main Street exposure, strong visibility, and steady pedestrian and vehicle traffic.The second floor offers two spacious, 3-bedroom residential apartments, both currently tenanted and providing dependable rental income. Situated on a generous lot with six on-site parking spaces, municipal services, and flexible DW zoning, this freestanding building presents endless possibilities for investors, business owners, or entrepreneurs looking to expand their portfolio. Continue operating a successful restaurant, lease the commercial space, or explore future opportunities permitted within the zoning.With over 4,300 sq. ft. of total space, a central location just off Highway 93, and three established income-producing units, this is a rare opportunity to acquire a landmark property. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 66 days across the listings currently for sale in this city
This retail in Penetanguishene has been listed for 19 days, which is 47 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $749,900, about 9.9× the local median household income of $76,000.
Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 93% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9M)
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