59 Peel Street, Penetanguishene | Commercial for Sale | Faris Team
1/13
59 Peel Street,
Penetanguishene
7 Bedrooms
6 Bathrooms
4,399 sq. ft.
$1,099,000
MLS® #40569934/40569928
Faris Team Real Estate, Brokerage
Top 5 Reasons You'll Love This Property:
- 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
- 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+
- $60,276 in annual net operating income potential upside opportunity after renovating and bringing 5 remaining units to market rents
- Additional value opportunity with each unit having two parking spaces
- Incredible opportunity to generate passive income
Picture Yourself Here: Watch the Video Tour
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