2 Tessier Drive Penetanguishene, Ontario L9M 1V4
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$2,980,000
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. (id:58919)
Property Details
| MLS® Number | S12567720 |
| Property Type | Multi-family |
| Community Name | Penetanguishene |
| Amenities Near By | Marina, Park, Place Of Worship |
| Community Features | School Bus |
| Features | Level Lot, Flat Site, Dry, Paved Yard |
| Parking Space Total | 14 |
| Structure | Deck |
| View Type | City View, View Of Water |
| Water Front Type | Waterfront |
Building
| Bathroom Total | 12 |
| Bedrooms Above Ground | 13 |
| Bedrooms Total | 13 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Alarm System, Two Stoves, Washer, Two Refrigerators |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors, Security System |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 5000 - 100000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage | |
| Shared |
Land
| Acreage | No |
| Land Amenities | Marina, Park, Place Of Worship |
| Sewer | Sanitary Sewer |
| Size Depth | 93 Ft |
| Size Frontage | 94 Ft |
| Size Irregular | 94 X 93 Ft |
| Size Total Text | 94 X 93 Ft|under 1/2 Acre |
| Zoning Description | Cg |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29127513/2-tessier-drive-penetanguishene-penetanguishene
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November 21 2025 08:49:17
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Team Hawke Realty
