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$849,900
3 Baths ⋅ S13550774 MLS® #
Discover an exceptional investment opportunity in the heart of Penetanguishene. This well-established mixed-use commercial property offers multiple income streams and outstanding long-term potential. Home to the iconic Captain Ken's Diner & Pub, a community favourite for decades, the main level features a fully equipped restaurant space with excellent Main Street exposure, strong visibility, and steady pedestrian and vehicle traffic.The second floor offers two spacious, 3-bedroom residential apartments, both currently tenanted and providing dependable rental income. Situated on a generous lot with six on-site parking spaces, municipal services, and flexible DW zoning, this freestanding building presents endless possibilities for investors, business owners, or entrepreneurs looking to expand their portfolio. Continue operating a successful restaurant, lease the commercial space, or explore future opportunities permitted within the zoning.With over 4,300 sq. ft. of total space, a central location just off Highway 93, and three established income-producing units, this is a rare opportunity to acquire a landmark property. (id:5764)

70 Main Street, Penetanguishene

Listing courtesy of Keller Williams Experience Realty.

$849,900
3 Baths ⋅ S13550774 MLS® #
Discover an exceptional investment opportunity in the heart of Penetanguishene. This well-established mixed-use commercial property offers multiple income streams and outstanding long-term potential. Home to the iconic Captain Ken's Diner & Pub, a community favourite for decades, the main level features a fully equipped restaurant space with excellent Main Street exposure, strong visibility, and steady pedestrian and vehicle traffic.The second floor offers two spacious, 3-bedroom residential apartments, both currently tenanted and providing dependable rental income. Situated on a generous lot with six on-site parking spaces, municipal services, and flexible DW zoning, this freestanding building presents endless possibilities for investors, business owners, or entrepreneurs looking to expand their portfolio. Continue operating a successful restaurant, lease the commercial space, or explore future opportunities permitted within the zoning.With over 4,300 sq. ft. of total space, a central location just off Highway 93, and three established income-producing units, this is a rare opportunity to acquire a landmark property.

70 Main Street, Penetanguishene

Listing courtesy of Keller Williams Experience Realty.

$549,900
S13538864 MLS® #
This solid commercial building sits on a large corner lot in Penetanguishene and is zoned M1 (Industrial), offering a wide range of permitted uses. Located on an arterial road, the property provides excellent exposure and accessibility. This is a great opportunity to invest or establish your business in a growing waterfront community on Georgian Bay. (id:5764)

156 ROBERT Street, Penetanguishene

Listing courtesy of Team Hawke Realty.

$549,900
S13538864 MLS® #
This solid commercial building sits on a large corner lot in Penetanguishene and is zoned M1 (Industrial), offering a wide range of permitted uses. Located on an arterial road, the property provides excellent exposure and accessibility. This is a great opportunity to invest or establish your business in a growing waterfront community on Georgian Bay.

156 ROBERT Street, Penetanguishene

Listing courtesy of Team Hawke Realty.

$799,000
S13119058 MLS® #
The Subject Property Is A Landmark Building Located In The Heart Of Penetanguishene Downtown Core,Steps From Marinas & Town Docks, Restaurants, Shops & The Waterfront Rotary Park & Trails. Formerly Known As The Commodore Bar and Hotel, This Three-story Commercial Structure Occupies A Prominent Hilltop Location With Views Of Georgian Bay. The Building Features Approximately 16,000 SqFt Of Gross Building Area Across Multiple Levels. The Structure Is Of Historical Significance And Offers An Opportunity For The Right Investor To Renovate Or Redevelop. Zoning Allows For Commercial Retail & Servic eEstablishment, Restaurant, Bar, Entertainment Venue, Hotel, Boutique Accommodations, Mixed-use Development (Commercial Ground Floor W/ Multiple Dwelling Units Above), Professional Offices & Business Services. Future Renovations Or Redevelopment Will Need To Align W/ Penetanguishene's Community Design Manual. This Building Is Vacant & Ready For Your Own Vision. (id:5764)

59 Main Street, Penetanguishene

Listing courtesy of RE/MAX CROSSTOWN REALTY INC..

$799,000
S13119058 MLS® #
The Subject Property Is A Landmark Building Located In The Heart Of Penetanguishene Downtown Core,Steps From Marinas & Town Docks, Restaurants, Shops & The Waterfront Rotary Park & Trails. Formerly Known As The Commodore Bar and Hotel, This Three-story Commercial Structure Occupies A Prominent Hilltop Location With Views Of Georgian Bay. The Building Features Approximately 16,000 SqFt Of Gross Building Area Across Multiple Levels. The Structure Is Of Historical Significance And Offers An Opportunity For The Right Investor To Renovate Or Redevelop. Zoning Allows For Commercial Retail & Servic eEstablishment, Restaurant, Bar, Entertainment Venue, Hotel, Boutique Accommodations, Mixed-use Development (Commercial Ground Floor W/ Multiple Dwelling Units Above), Professional Offices & Business Services. Future Renovations Or Redevelopment Will Need To Align W/ Penetanguishene's Community Design Manual. This Building Is Vacant & Ready For Your Own Vision.

59 Main Street, Penetanguishene

Listing courtesy of RE/MAX CROSSTOWN REALTY INC..

$1,299,000
S13029528 MLS® #
A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Additionally, there is an unopened municipally owned road allowance bordering the west edge of the property. Seller has completed the following work related to the development of the property:-Initial planning consultation (May 2022)-Stage 1&2 Archaeological Assessment (December 2022)-Preliminary Site Plan (August 2023)-Environmental Impact Study (August 2023). Buyer to conduct their own due diligence regarding rezoning and future use.

39 Yeo Street, Penetanguishene

Listing courtesy of KAIZEN CAPITAL REALTY PARTNERS.

$749,900
S12746880 MLS® #
Live/work opportunity for entrepreneur or investor in Historical Penetanguishene on the Shores of Georgian Bay. This solid building is located in the centre of Town within view of the Town Dock and featuring street parking and municipal lots steps away. Walkable to all amenities including restaurants, shopping, banks, medical centre. Rare feature: this property is being sold with 5 Nettleton Drive; a 50' x 50' lot directly behind the building offers additional parking for owners or tenants; a rare find in this town setting. Family owned business in operation for 70+ years with an elegant 3 bedroom apartment on 2nd floor with separate front entrance as well as direct store access. Spacious 3rd floor offers great views over the Bay and could be further developed to accommodate larger family. Opportunity to re-imagine the use for this building with retail, medical provider or service business on the main floor and the possibility to create new separate living spaces on the upper levels for additional income. Retail store has drop ceiling which could be opened to approximately 12'. High, dry basement perfect for retail storage or other potential uses. Many opportunities in this growing area with lots of new developments, tourism, cottagers and plenty of GTA transplants making Simcoe their new home. Georgian Bay Hospital is 3 minutes away; good variety of new and expanding medical centres with family doctors accepting new patients. Good schools. 8 minutes to Midland, 35 minutes to Barrie, 90 minutes to Pearson Airport. Boat cruises from the Town Dock, Discovery Harbour, Awenda Provincial Park close by. This vibrant community is growing and offers a friendly community spirit, great outdoor recreation including community centres, arenas, golf courses, parks, biking, hiking, snowmobile trails and undoubtedly some of the best boating to be found anywhere. Make a lifestyle choice to live, work and play on beautiful Georgian Bay. (id:5764)

66 Main Street, Penetanguishene

Listing courtesy of ROYAL LEPAGE REALTY PLUS.

$749,900
S12746880 MLS® #
Live/work opportunity for entrepreneur or investor in Historical Penetanguishene on the Shores of Georgian Bay. This solid building is located in the centre of Town within view of the Town Dock and featuring street parking and municipal lots steps away. Walkable to all amenities including restaurants, shopping, banks, medical centre. Rare feature: this property is being sold with 5 Nettleton Drive; a 50' x 50' lot directly behind the building offers additional parking for owners or tenants; a rare find in this town setting. Family owned business in operation for 70+ years with an elegant 3 bedroom apartment on 2nd floor with separate front entrance as well as direct store access. Spacious 3rd floor offers great views over the Bay and could be further developed to accommodate larger family. Opportunity to re-imagine the use for this building with retail, medical provider or service business on the main floor and the possibility to create new separate living spaces on the upper levels for additional income. Retail store has drop ceiling which could be opened to approximately 12'. High, dry basement perfect for retail storage or other potential uses. Many opportunities in this growing area with lots of new developments, tourism, cottagers and plenty of GTA transplants making Simcoe their new home. Georgian Bay Hospital is 3 minutes away; good variety of new and expanding medical centres with family doctors accepting new patients. Good schools. 8 minutes to Midland, 35 minutes to Barrie, 90 minutes to Pearson Airport. Boat cruises from the Town Dock, Discovery Harbour, Awenda Provincial Park close by. This vibrant community is growing and offers a friendly community spirit, great outdoor recreation including community centres, arenas, golf courses, parks, biking, hiking, snowmobile trails and undoubtedly some of the best boating to be found anywhere. Make a lifestyle choice to live, work and play on beautiful Georgian Bay.

66 Main Street, Penetanguishene

Listing courtesy of ROYAL LEPAGE REALTY PLUS.