1 Water Street Penetanguishene, Ontario L9M 1V5
$1,877,700
INVESTORS & ENTREPRENEURS TAKE NOTE OF THIS AMAZING COMMERCIAL OPPORTUNITY TO ACQUIRE AN ESTABLISHED BUSINESS & AN INCOME PROPERTY IN AN EXCELLENT LOCATION. THE 1840'S 2-STOREY 5700 SQ FT BRICK BUILDING IS MUNICIPALLY-DESIGNATED HISTORIC ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN ST IN BEAUTIFUL PENETANGUISHENE JUST A FEW BLOCKS FROM THE WATERFRONT. IT IS ONE OF THE OLDEST COMMERCIAL SITES IN ONTARIO STILL IN OPERATION, ORIGINALLY USED BY NATIVES (METIS & OJIBWAY) TO TRADE FURS. OFFERED FOR SALE INCLUDES: THE BUILDING; THE 'GREEN BLOCK TRADING POST' BUSINESS; THE DETACHED GARAGE; AND THE LAND. THE MAIN FLOOR IS SET UP AS 3 COMMERCIAL UNITS OCCUPIED BY GREEN BLOCK TRADING POST, L & R ACCOUNTING AND A 3RD UNIT CURRENTLY VACANT. THE SECOND FLOOR HAS 3 RESIDENTIAL INCOME APARTMENTS - A 3 BEDROOM & TWO-2 BEDROOM SUITES. THERE IS A FULL HIGH AND DRY BASEMENT IDEAL FOR STORAGE WITH ORIGINAL HAND-HEWN BEAMS. THE GREEN BLOCK TRADING POST IS A VERY SUCCESSFUL BUSINESS, WELL KNOWN BY MANY WITH AN EXCELLENT CLIENT BASE AND MANY REGULAR TOURIST SHOPPERS. IT SPECIALIZES IN: NATIVE ARTIFACTS, ARTWORK, CRAFTS AND BEADWORK; AN ASSORTMENT OF NAUTICAL ITEMS; OUTSTANDING SALES IN TOBACCO (AND RELATED) PRODUCTS; SIGNIFICANT LOTTERY TICKET SALES; AN EXCELLENT SELECTION OF URNS; AND A KEY-CUTTING OPERATION. THE BUILDING IS LOADED WITH ORIGINAL CHARACTER AND CHARM INCLUDING EXTREMELY HIGH SCULPTURED-TIN CEILINGS ON THE MAIN LEVEL. OUTSIDE FEATURES RECENTLY REPAINTED MURALS BY NATHANAHA WOODS DEPICTING THE ORIGINAL USE OF THE BUILDING. THE STRUCTURE IS EXTREMELY WELL MAINTAINED AND HAS UNDERGONE MAJOR IMPROVEMENTS AND UPGRADES WITH OVER $600,000 INVESTED IN THE BUILDING BY CURRENT OWNERS INCLUDING A NEW ROOF 2020, NEWER BOILER AND A/C SYSTEM, UPDATED ELECTRICAL (INCLUDING HAVING ALL UNITS SEPARATELY METERED), UPDATED PLUMBING, FIRE-PROOFING CERTAIN AREAS, AND NEW TILT-ACTION DOUBLE-HUNG WINDOWS AND DOORS ON THE 2ND LEVEL. EXCELLENT INVESTMENT OPPORTUNITY FOR A BUSINESS SAVVY INVESTOR. (id:18401)
Property Details
| MLS® Number | 40231483 |
| Property Type | Other |
| Amenities Near By | Shopping |
| Community Features | High Traffic Area |
| Equipment Type | None |
| Features | Corner Site, Visual Exposure |
| Rental Equipment Type | None |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1840 |
| Exterior Finish | Brick, Stone |
| Flooring Type | Hardwood |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Exterior | 5694.0000 |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 62 Ft |
| Size Frontage | 93 Ft |
| Zoning Description | Comm |
https://www.realtor.ca/real-estate/24223798/1-water-street-penetanguishene
Interested?
Contact us for more information
Don Cadieux
Salesperson
(705) 446-3992
224 Ste. Marie Street
Collingwood, Ontario L9Y 3K5
(705) 446-3991
(705) 446-3992
www.suttonincentive.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 19 2022 11:53:35
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Sutton Group Incentive Realty Inc. Brokerage