42 Water Street, Penetanguishene, ON

$865,000
MLS#:S12485958
5 beds
4 baths
2000-2500 sqft
7.0 parking
Residential Freehold
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This listing is no longer active (Expired)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2 1/2 Storey detached located in the coveted neighborhood of Penetanguishene. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $865,000 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.

  • 5 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 54.29 x 204.85 ft lot
  • Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Accessory Apartment, Water Heater Owned, Water Meter
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Multi-Use 2,700 Sq. Ft. Home with Panoramic Georgian Bay Views!This spacious 2,700 sq ft property offers incredible versatility with a 4-bedroom main home and a separate 1-bedroom legal apartment - perfect for extended family, rental income, or a home-based business. Featuring two 200-amp services, a heated shop, and separate electrical panels, this home is built for flexibility and function. The large eat-in country kitchen boasts custom cabinetry and an outstanding, unobstructed view of Georgian Bay. Outside, enjoy two driveways, a landscaped pool area to beat the heat, rear parking with year-round laneway access, and a fully legal shop and apartment. Ideally located close to schools, Foodland, parks with splash pad, and beautiful walking trails, this property offers a rare blend of space, convenience, and Georgian Bay charm.

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date10/27/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2 1/2 Storey
ConstructionBrick, Vinyl Siding
BasementPartial Basement
Lot Size54.29 × 204.85 Acres
CountySimcoe
Annual Tax$4,056
Legal DescriptionPT LT 19 S/S WATER ST PL 9 PENETANGUISHENE AS IN RO1416136; PENETANGUISHENE

Parking & Garage

Parking Spaces7.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Marina, Place Of Worship, Public Transit, School, Clear View

Interior Features

Accessory Apartment, Water Heater Owned, Water Meter

Security Features

Community Features

Location

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42 Water Street, Penetanguishene, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 42 Water Street, Penetanguishene, ON L9M 1M9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$692,000
Monthly Mortgage$4,021
Property Tax (Est.)$338
Utilities & Maint.$350
Total Monthly Cost$4,709

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Penetanguishene.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Penetanguishene, Penetanguishene.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$686,009

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

James Keating
Public20 Lorne Avenue, Penetanguishene, Ontario, L9M 1B2
2.2
Burkevale
Public39 Burke Street, Penetanguishene, Ontario, L9M 1C4
7.6
St Ann's
Public5 Dunlop Street, Penetanguishene, Ontario, L9M 1J2
6.1
St-Joseph
Public30 Poyntz Street, Penetanguishene, Ontario, L9M 1N4
5.7
Canadian Martyrs
Public7 Bellisle Road, Penetanguishene, Ontario, L9M 1N6
2.0

Secondary Schools

Le Caron
Public22 John Street, Penetanguishene, Ontario, L9M 1N8
4.8
Georgian Bay District
Public865 Hugel Avenue, Midland, Ontario, L4R 1X8
5.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.