70 Main Street, Penetanguishene, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Penetanguishene. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $849,900 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.
- 0 Bedrooms and 3 Bathrooms
- Premium 31 x 207.4 ft lot size
- equipped with yes central cooling and highly efficient baseboard heating
Description
Discover an exceptional investment opportunity in the heart of Penetanguishene. This well-established mixed-use commercial property offers multiple income streams and outstanding long-term potential. Home to the iconic Captain Ken's Diner & Pub, a community favourite for decades, the main level features a fully equipped restaurant space with excellent Main Street exposure, strong visibility, and steady pedestrian and vehicle traffic.The second floor offers two spacious, 3-bedroom residential apartments, both currently tenanted and providing dependable rental income. Situated on a generous lot with six on-site parking spaces, municipal services, and flexible DW zoning, this freestanding building presents endless possibilities for investors, business owners, or entrepreneurs looking to expand their portfolio. Continue operating a successful restaurant, lease the commercial space, or explore future opportunities permitted within the zoning.With over 4,300 sq. ft. of total space, a central location just off Highway 93, and three established income-producing units, this is a rare opportunity to acquire a landmark property.
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Property Summary
This commercial retail located at 70 Main Street, Penetanguishene is currently for sale and has been available on SousaSells for 2 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 0 beds, 3 bathrooms, and is unknown square feet. 70 Main Street, Penetanguishene is in the Penetanguishene neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 70 Main Street, Penetanguishene, ON L9M 1T4
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 $849,900 in Penetanguishene, the legal minimum down payment is $59,990 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 $13,473 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 $13,473.
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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.