2 TESSIER DRIVE, Penetanguishene, Ontario, L9M1V4
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:2471)
BALL Real Estate Inc., Brokerage - Norwood
- 905-904-1025
- 705-660-2255
- Daphne@cottageorhome.ca
- Property Address: 2 TESSIER DRIVE, Penetanguishene, Ontario, L9M1V4
- Community Name: Penetanguishene
- Property Type: Multi-family
- Zoning Description: CG
- Lot Size: 94 x 93 FT
- Acreage: 94 x 93 FT|under 1/2 acre
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage, Shared
- Total Parking Spaces: 14
- Waterfront Type: Waterfront
- Maintenance Fee: 0.00
- Amenities Nearby: Marina, Park, Place of Worship
- Structure Style: Other
- Storeys: 3
- Floor Space: 5000 - 100000 sqft
- Building Age: 51 to 99 years
- Bedrooms: 13
- Bathrooms: 12-Total
- Basement Type: Crawl space (Unfinished)
- Heating Type: Electric, Baseboard heaters
- Cooling: None
- Exterior Type: Brick, Vinyl siding
- Foundation Type: Block
- Appliances Included: Water Heater, Dryer, Alarm System, Two stoves, Washer, Two Refrigerators
- Structures: Deck
- View: City view, View of water
- Level lot
- Flat site
- Dry
- Paved yard
- School Bus
Listing Offices: Team Hawke Realty
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