About 1 Water Street
INVESTORS/ENTREPRENEURS - AMAZING OPPORTUNITY TO BUY A LUCRATIVE BUSINESS & INCOME PRODUCING PROPERTY IN AN EXCELLENT LOCATION. HISTORIC 1840'S 2-STOREY 5700 SQ FT BRICK BUILDING ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN ST IN PENETANGUISHENE JUST A FEW BLOCKS FROM THE WATERFRONT. PRICE INCLUDES LAND, COMMERCIAL BUILDING, GARAGE & THE EXTREMELY SUCCESSFUL 'GREEN BLOCK TRADING POST' BUSINESS. MAIN FLOOR HAS 3 SEPARATE COMMERCIAL UNITS. SECOND FLOOR HAS 3 RESIDENTIAL APARTMENTS (ONE 3-BEDROOM SUITE & TWO 2-BEDROOM SUITES). A FULL SPRAWLING BASEMENT WITH ACCESS TO PARKING AREA IDEAL FOR STORAGE OR OTHER VENTURES. THE GREEN BLOCK TRADING POST IS WELL KNOWN BY MANY WITH AN EXCELLENT CLIENT BASE. BUSINESS FOCUS IS ON TOBACCO AND RELATED PRODUCTS; LOTTERY TICKET SALES; NATIVE ARTIFACTS, ARTWORK, CRAFTS & BEADWORK; NAUTICAL ITEMS; URNS; AND KEY-CUTTING. THE BUILDING IS LOADED WITH ORIGINAL CHARACTER AND VERY WELL MAINTAINED WITH MAJOR IMPROVEMENTS & UPGRADES OF OVER $600,000 INVESTED BY CURRENT OWNERS (ROOF 2020, BOILER, A/C SYSTEM, UPDATED ELECTRICAL & PLUMBING, FIRE-PROOFING, AND NEW WINDOWS & DOORS ON THE 2ND LEVEL.
Features of 1 Water Street
| MLS® # | 40231483 |
|---|---|
| Price | $1,877,700 |
| Bathrooms | 0.00 |
| Year Built | 1840 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 1 Water Street |
|---|---|
| Area | Penetanguishene |
| Subdivision | PE02 - West of Main Street |
| City | Penetanguishene |
| County | Simcoe County |
| Province | ON |
| Postal Code | L9M 1V5 |
Amenities
| Utilities | Yes |
|---|---|
| Parking | Detached Garage |
| # of Garages | 2 |
| Garages | Surface - Behind Building |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Separate Hydro Meters, Storage, Storefront |
|---|---|
| Heating | Gas Hot Water |
| Cooling | Energy Efficient |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Unfinished |
Exterior
| Exterior Features | Workshop/Storage |
|---|---|
| Lot Description | Ample Parking, Corner Lot, City Lot, High Traffic Area, Public Parking, Shopping Nearby, Visual Exposure |
| Construction | Brick, Stone |
Additional Information
| Days on Market | 132 |
|---|
Listing Details
| Agent | Don Cadieux |
|---|---|
| Office | Sutton Group Incentive Realty Inc. Brokerage |