Listed by Royal Lepage Locations North.

150 Peel Street S is a Multiplex, 1 Storey/Apt and is currently for Sale @ $2,500,000. Taxes in 2024 were $5,716.00.

More homes for sale under 2.5M in Blue Mountains

Exceptional Multi-Residential Investment Opportunity in Thornbury! Set on 2. The 1 Storey/Apt on 150 Peel Street S has 2 bedrooms, 2 bathrooms, and is located in the community of Blue Mountains .3 acres in the heart of Thornbury, this unique property offers both immediate income and incredible development potential. The property consists of 9 fully tenanted rental units, a mix of one-and two-bedroom townhomes.A proposed development plan outlines the potential for up to 30 units (subject to approvals), making this a rare opportunity for investors or developers looking to expand in one of the areas most sought-after communities.The main residence features a spacious living, dining, and kitchen area with a bright white kitchen, ample cupboard space, peninsula seating, and doors opening to a private back deck surrounded by mature trees. With 2 bedrooms and 2 bathrooms, it's ideal as an owners unit or for additional rental income.Other units on the property provide a steady income stream, with all currently leased. Serviced by town water and septic, the property offers flexibility for future plans while continuing to deliver returns today.Perfectly located, its within walking distance to Downtown Thornbury, minutes across the road to Georgian Bay, and only a short drive to private ski and golf clubs in The Blue Mountains.Whether you're looking to sit back and collect rental income or explore the development potential, this property is a standout investment in Southern Georgian Bay.Square footage, bedroom/bathroom count and interior photos/video are from the main unit.

The address 150 Peel Street S was listed for sale (MLS# X12415574) on Friday, September 19, 2025.