705-774-0353

diannejacklin@royallepage.ca

49 James St. Parry Sound, ON P2A 1T6


LOADING

1 Water Street Penetanguishene, Ontario L9M 1V5

Hot Water Radiator Heat

$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

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Don Cadieux
Salesperson

(705) 888-7072
(705) 446-3992

Sutton Group Incentive Realty Inc. Brokerage
224 Ste. Marie Street
Collingwood, Ontario L9Y 3K5

(705) 446-3991
(705) 446-3992
www.suttonincentive.com

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705.774.0353

diannejacklin@royallepage.ca

49 James St. Parry Sound, ON
P2A 1T6