10 Clarence Avenue, Penetanguishene, ON
Property Highlights
Welcome to this remarkable Bungalow duplex located in the coveted neighborhood of Penetanguishene. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $729,900 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.
- 3 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 63 x 100 ft lot
- Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover one of Penetanguishene's most versatile properties - a solidly built, beautifully updated home offering breathtaking sunset views over Georgian Bay from a quiet residential street. Whether you're looking for a primary residence with rental income, a multigenerational family setup, or a turnkey investment in one of Simcoe County's most sought-after waterfront communities, this property delivers on every front. The legal duplex includes a walk-out lower-level apartment completed in 2021 (permits available), ready to generate immediate rental income or house extended family with full privacy. The unit is currently rented out by immediate family but can be vacant upon possession. The main living space was fully renovated in 2024, featuring new flooring, trim, barn doors, roof, garage doors, and appliances - meaning nothing has been left untouched. A newly added bathroom in the lower level adds flexibility and further long-term value. Economical to operate with low utility costs, this home is as practical as it is beautiful. Steps from trails and everyday amenities, you're immersed in the lifestyle that draws buyers to the Georgian Bay area - waterfront sunsets, small-town charm, and year-round community living. Built in 2009 | 1,827 sq ft finished | Permits available for lower suite | Contact the listing agent for full floor plans.
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Pricing & Value Insights
Data-driven valuation for 10 Clarence Avenue, Penetanguishene, ON L9M 1A9
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About Purchasing a Home in Penetanguishene, ON
For a property listed at $729,900 in Penetanguishene, the legal minimum down payment is $47,990 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 $11,073 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 $11,073.
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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.