Overview
- Updated On:
- April 25, 2024
- 7 Bedrooms
- 6 Bathrooms
- 4,399 ft2
Description
Top 5 Reasons You Will Love This Property: 1) Rare six-plex, one-story building offers convenience while being ideally situated in-town and within walking distance to amenities and the stunning Georgian Bay 2) One bedroom rents proven out to get $1750/month, when the remaining five units are renovated and brought to market rate potential to increase value by $1 million+ 3) $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents 4) Additional value opportunity with each unit having two parking spaces 5) Incredible opportunity to generate passive income. Visit our website for more detailed information.
Address: 59 Peel Street, Penetanguishene ON L9M 1B7
City: Penetanguishene
State/County: Simcoe County
Zip: L9M 1B7
Country: CA
Open In Google Maps Property Id : 1634982
Price: $ 1,099,000
Property Size: 4,399 ft2
Bedrooms: 7
Bathrooms: 6
Other Features
Has Heating System
None
Open Parking
Refrigerator
Stove
$ 4,261.04
per month- Principal and Interest
- Property Tax
- HOA fee
$ 4,261.04
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