2 Tessier Drive
Penetanguishene
Penetanguishene
L9M 1V4
$2,980,000
Residential Freehold
beds: 13
baths: 12.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- S12567720
- Bedrooms:
- 13
- Bathrooms:
- 12
- Photos (47)
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If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 3-Storey
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 5000 +
- Lot Size:
- <.50
- Lot Depth:
- 93'28.3 m
- Lot Frontage:
- 94'28.7 m
- Lot Shape:
- Rectangular
- Topography:
- Dry, Flat
- Direction Faces:
- South
- Bedrooms:
- 13
- Bathrooms:
- 12.0
- Water supply:
- Municipal
- Kitchens:
- 12
- Bedrooms Above Grade:
- 13
- Kitchens Above Grade:
- 12
- Rooms Above Grade:
- 38
- Zoning:
- CG
- Heating type:
- Baseboard
- Heating Fuel:
- Electric
- Foundation:
- Block
- Roof:
- Asphalt Shingle
- Basement:
- Crawl Space, Unfinished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- Private, Unreserved
- Parking Spaces:
- 14
- Total Parking Spaces:
- 14.0
- Family Room:
- No
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment:
- $971,000
- Assessment Year:
- 2025
- Taxes:
- $15,859.79 / 2025
- Assessment:
- $971,000.00 / 2025
- Simcoe
- Penetanguishene
- Penetanguishene
- Level, Marina, Park, Place Of Worship, Waterfront, School Bus Route
- Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater Owned
- Deck, Paved Yard, Privacy
- Heat Detector, Smoke Detector, Security System
- 12 Fridges, 12 Stoves, 1 washer, 1 dryer, Security System
- Brick, Vinyl Siding
- Bay, City, Downtown, Marina, Water, Trees/Woods
- Utilities Cable:
- Yes
- Utilities Telephone:
- Yes
- Utilities Gas:
- Available
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Listed by Team Hawke Realty
Data was last updated December 13, 2025 at 04:15 AM (UTC)
- DAVID WEEKS
- CENTURY 21 B.J ROTH REALTY LTD
- 1 (705) 3218707
- Contact by Email
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