2 Tessier Drive, Penetanguishene, ON
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Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Penetanguishene. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $2,980,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 13 Bedrooms and 12 Bathrooms with 12 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 94 x 93 ft lot
- Features a crawl space, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 14.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Storage
- Efficient baseboard heating via electric
Description
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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Key Features
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Additional Details
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Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Level
- Marina
- Park
- Place Of Worship
- Waterfront
- School Bus Route
Interior Features
- Separate Heating Controls
- Separate Hydro Meter
- Storage
- Water Heater Owned
Security Features
- Heat Detector
- Smoke Detector
- Security System
Community Features
None listed
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Frequently Asked Questions about 2 Tessier Drive, Penetanguishene, ON
Q.What is the asking price for 2 Tessier Drive, Penetanguishene, ON ?
The current listing price for 2 Tessier Drive, Penetanguishene, ON in Penetanguishene, Penetanguishene is $2,980,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 13 bedrooms and 12 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 2 Tessier Drive, Penetanguishene, ON ?
2 Tessier Drive, Penetanguishene, ON is a Multiplex (3-Storey) featuring a Crawl Space, Unfinished basement.
Q.What key property features does 2 Tessier Drive, Penetanguishene, ON offer?
Key property features include: Level, Marina, Park, Place Of Worship, Waterfront, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Separate Heating Controls, Separate Hydro Meter, Storage, Water Heater Owned.
Q.What security features are installed at 2 Tessier Drive, Penetanguishene, ON ?
Security features include: Heat Detector, Smoke Detector, Security System.
Q.Is parking available at this property?
Yes, this property offers parking space for 14.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Penetanguishene, Penetanguishene
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
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Property History
No historical data available for this property.
This could be the first listing for this address.
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Pricing & Value Insights
Data-driven valuation for 2 Tessier Drive, Penetanguishene, ON L9M 1V4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Penetanguishene, ON
For a property listed at $2,980,000 in Penetanguishene, the legal minimum down payment is $596,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $60,975 for this transaction. As this listing is in Penetanguishene (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $60,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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