Added 6 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Other
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Zoning: Neighbourhood Co
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Age: No Data
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Taxes: 4563
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MLS®#: S8273390
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Days on Site: 194 Days
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Added: Apr 26, 2024 (6 months ago)
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Updated:
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Last Checked: 7 hours ago
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Listed By: YELLOW BRICK REALTY LTD.
Real Estate Investment opportunity at 106 Robert St. W in the vibrant community of Penetanguishene, ON. The property is under Power of Sale, with a lender eager to SELL. Situated on a bustling artery, the property enjoys exceptional visibility and exposure. Given its Neighbourhood Commercial zoning, it's an ideal location for a wide array of businesses. It's essential to note that while the property currently hosts residential units, the township has issued a work order due to the absence of proper permits and rezoning procedures for one of the units. However, this presents an opportunity for the savvy investor to rectify the situation and unlock the property's full potential.The property is currently configured as two residential units, complemented by an oversized two-car garage. One residential unit stands vacant, awaiting the creative vision of its new owner, while the other unit is currently tenanted. The oversized garage, can also be converted into an income generating opportunity for the new owner. Historically, this property has served as a hub for commercial activities, housing a restaurant within the garage and a retail store. This rich history underscores its commercial viability and potential for lucrative ventures. The new owner can look beyond a restaurant or retail store front: given its zoning and layout, the property presents an excellent prospect for child care providers. Or maybe the new owner can look to capitalize on the demand for wellness and self-care and open a salon or spa. This property is priced VERY competitively and represents an exceptional investment opportunity for entrepreneurial minded individuals. With the potential to reconfigure the space to align with zoning regulations and capitalize on its prime location, investors stand to reap substantial rewards from this promising venture. Don't miss out, seize this opportunity today and unlock the limitless potential of this prime commercial real estate gem.
Property
Status: Sale
Type: Other
Property Type: Commercial/Retail
Property Type: Retail
Area: Penetanguishene
Community: Penetanguishene
Availability Date: Immediate
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Hot Water
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Other
Fees
Tax Year: 2023
Tax Legal Description: PT LT 44 S/S ROBERT ST PL 37 PENETANGUISHENE; PT ROBERT ST PL 37
Taxes: $4,563
Taxes Type: Annual
Land
Cross Street: Main to Robert
Municipality District: Penetanguishene
Parcel Number: 584050114
Lot Depth: 91.61 Feet
Lot Frontage: 85.14 Feet
Zoning: Neighbourhood Co
Commercial Specific
Retail Area: 40
Retail Area Metric: %
Sprinklers: N
Total Area: 3000
Total Area Metric: Sq Ft
Franchise: N
Tangible Property Included: N
Lot Code: Building
Financial Statement: N
École élémentaire Le Caron
Elementary: PublicÉcole publique Saint-Joseph
Elementary: PublicSt Ann's Separate School
Elementary: CatholicCanadian Martyrs Catholic School
Elementary: CatholicBurkevale Protestant Separate School
Elementary: Protestant SeparateJames Keating Public School
Elementary: PublicGeorgian Bay District Secondary School
Secondary: PublicNorth Simcoe Campus
Secondary: PublicÉcole secondaire Le Caron
Secondary: PublicStayner Collegiate Institute
Secondary: PublicElmvale District High School
Secondary: PublicSt Theresa's Separate School
Secondary: Catholic