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Main Photo: 79 Main Street in Simcoe: Penetanguishene Commercial for sale : MLS®# S11969608
Photo 1: 79 Main Street in Simcoe: Penetanguishene Commercial for sale : MLS®# S11969608
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
S11969608
Bus Major:
Other
79 & 81 Main Street - Fully tenanted - Located on one of the most desirable areas in the downtown core, this commercial/residential building is bursting with potential. Just steps to shopping, restaurants, services & waterfront. Currently CG-7 zoning, (DW zoning in 2023) allows for a wide variety of commercial/residential uses. A spacious main floor plan offers 2 separate open concept commercial spaces. The main floor interior is renovated, maintained & upgraded with modern decor; featuring Pot lights, gorgeous flooring, exposed brick walls and finishes from the original construction era. The exterior is low maintenance brick & sleek large commercial grade signage. This comprehensive CG-7/DW Zoning & site offers many development options to expand the commercial space or add on multi-residential units. Plenty of room to build out an additional residential unit in the back of the main floor. The second floor boasts two large apartments. The back unit currently offers one bedroom plus TWO dens. The front apartment with views of Georgian Bay is a one bedroom, with den & laundry. Both units with large Skylights. The basement is partially finished with tons of storage space or create another unit. This building is the perfect spot for a retailer, hotel, restaurant, lawyer, accountant, doctor, therapist, realtor, or entrepreneur looking for a well-presented office in the downtown core with endless opportunities with ongoing business development & improvements nearby. Please note this town has a Community Improvement Plan
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
100+
Total Area:
4323 sq. ft. Square Feet
Total Area:
4,323 sq. ft.
Retail Area:
2181 sq. ft. Sq Ft
Depth:
0'
Frontage:
26'
Bathrooms:
4.0
Water supply:
Municipal
Zoning:
CG-7
Heating type:
Other
Garage:
None
Parking Spaces:
0
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$4,950 / 2025
Assessment:
$- / 2025
Penetanguishene
Penetanguishene
Simcoe
No
None
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Gross income:
$54,600
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$2,100
Hydro Expenses:
$2,690
Insurance Expenses:
$4,100
Management Expenses:
$0
Tax Expenses:
$4,950
Water Expenses:
$350
Year Expenses:
14190
Major Business Type:
Other
Category:
Multi-Use
Outside Storage:
No
Date Listed:
Feb 12, 2025
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE FIRST CONTACT REALTY
Data was last updated February 26, 2025 at 04:15 AM (UTC)
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