1 Water Street, Penetanguishene, ON

$1,877,700

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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

AgentDon Cadieux
OfficeSutton Group Incentive Realty Inc. Brokerage

Listing Map

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