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2 Tessier Drive in Penetanguishene for sale

Asking price
$2,850,000
Estimate (Nov 05)
$2,590,000
MLS #:
S14154198
Type:
Multiplex, 3-Storey
Approx. SQFT:
5000 +
Basement:
Crawl Space, Unfinished
13 13
94 x 93 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Exp N/A N/A N/A
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.

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  • Date Listed: Thursday, November 05, 2026
  • Listing Brokerage: Team Hawke Realty - Disclaimer: The information contained in this listing has not been verified by Team Hawke Realty and should be verified by the buyer.
  • City: Penetanguishene

    More 13 bedrooms homes for sale in Penetanguishene

  • Neighbourhood: Penetanguishene
  • Major Intersection: Main St. and Tessier Dr.
  • Full Address: 2 Tessier Drive, Penetanguishene, L9M 1V4, Canada, ON, Canada
  • Amenities:
  • Taxes: $16,370.97 (2026)

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.