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    For Sale - 2 Tessier Drive, Penetanguishene, Ontario

    Est payment $14,772/mo
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    Views   1
    Time on Jump  14 day

    AI Summary *

    • Turnkey 12-unit apartment building with extensive renovations completed recently.
    • Diverse unit mix includes nine one-bedrooms and different layouts.
    • Located in downtown, close to shops, restaurants, and waterfront trails.
    • Upgraded kitchens, bathrooms, and modernized systems for low maintenance.
    • Strong potential for quality tenants due to prime location.




    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.
    Listing IDS12567720
    Address2 Tessier Drive
    CityPenetanguishene, Ontario
    Price$2,980,000
    Bed / Bath13 / 12 Full
    Style3-Storey, Multiplex
    ConstructionBrick, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater OwnedOutdoor Features Deck, Paved Yard, PrivacyAmenities Level, Marina, Park, Place Of Worship, Waterfront, School Bus RouteOwnership FreeholdViews Bay, City, Downtown, Marina, Water, Trees/WoodsBasement Crawl Space, UnfinishedFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

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    Listing Agency:  Team Hawke Realty
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    2 Tessier Drive
    Penetanguishene , Ontario
    13 12 $2,980,000
    Get more info