16 Edward Street, Penetanguishene, ON

$399,900
MLS#:S12321158
2 beds
1 baths
< 700 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 5, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised semi-detached located in the coveted neighborhood of Penetanguishene. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $399,900 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 67.34 x 100 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This semi-detached affordable home with 2 bedrooms and a full unfinished basement would be a great starter home or for someone downsizing. Ample parking and large side yard. This is a good option for those seeking a balance between space and cost with a compact layout with efficient use of space. Updates include New Countertops (2025); Stove (2025); New Sink (2025); Freshly Painted (2025); Shingles (2024); Owned Hot Water Heater (2020); Forced Air Gas Furnace (2020); Central Air Conditioner (2017); Deck (2013); Breaker Panel (2011). Driveway & Front Stone (2025). Large Back Deck. Panels for front porch to block out snow in winter; Move in condition. Don't wait at this price!

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Property Summary

This detached home located at 16 Edward Street, Penetanguishene is currently for sale and has been available on SousaSells for 350 days. This property is listed at $399,900 with an estimated mortgage of $1,331* per month. It has 2 beds, 1 bathroom, and is < 700 square feet. 16 Edward Street, Penetanguishene is in the Penetanguishene neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 17, 2025
Sold price information is available to members only
Listed Date8/1/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural StyleBungalow-Raised
ConstructionVinyl Siding
BasementFull, Unfinished
Lot Size67.34 × 100 Feet
CountySimcoe
Annual Tax$2,091
Legal DescriptionPT LT 114 CON 1 TAY BEING PT 1 PL 51R34878, T/W EASEMENT OVER PT 3 PL 51R34878 AS IN SC549233; PENETANGUISHENE

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Beach, Fenced Yard, Golf, Hospital, Marina, School

Interior Features

Carpet Free, Water Heater Owned

Security Features

None

Community Features

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Location

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16 Edward 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 16 Edward Street, Penetanguishene, ON L9M 1L1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Penetanguishene.

Configure Loan Settings

Interest Rate4.00%
Down Payment$119,970 (30.0%)
* Minimum Canadian down payment required for this price is $19,995.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $279,930 over 30 years.
Purchase Price$399,900
Loan Amount$279,930
Provincial Land Transfer Tax:$4,474
Total Estimated Closing Taxes:$4,474

About Purchasing a Home in Penetanguishene, ON

For a property listed at $399,900 in Penetanguishene, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.

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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$720,386

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

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.