2 Tessier Drive Penetanguishene, Ontario L9M 1V4
$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:13139)
Property Details
| MLS® Number | S12567720 |
| Property Type | Multi-family |
| Community Name | Penetanguishene |
| AmenitiesNearBy | Marina, Park, Place Of Worship |
| CommunityFeatures | School Bus |
| Features | Level Lot, Flat Site, Dry, Paved Yard |
| ParkingSpaceTotal | 14 |
| Structure | Deck |
| ViewType | City View, View Of Water |
| WaterFrontType | Waterfront |
Building
| BathroomTotal | 12 |
| BedroomsAboveGround | 13 |
| BedroomsTotal | 13 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Alarm System, Two Stoves, Washer, Two Refrigerators |
| BasementDevelopment | Unfinished |
| BasementType | Crawl Space (unfinished) |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FireProtection | Smoke Detectors, Security System |
| FoundationType | Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| SizeInterior | 5000 - 100000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage | |
| Shared |
Land
| Acreage | No |
| LandAmenities | Marina, Park, Place Of Worship |
| Sewer | Sanitary Sewer |
| SizeDepth | 93 Ft |
| SizeFrontage | 94 Ft |
| SizeIrregular | 94 X 93 Ft |
| SizeTotalText | 94 X 93 Ft|under 1/2 Acre |
| ZoningDescription | Cg |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29127513/2-tessier-drive-penetanguishene-penetanguishene
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December 08 2025 05:20:53
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Team Hawke Realty