31 Wolfe Street, Penetanguishene, ON

$399,000
MLS#:S12120233
2 beds
2 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Penetanguishene. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $399,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 55.91 x 98.74 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient other configuration
  • Notable attributes: Carpet Free
  • equipped with wall unit(s) central cooling and highly efficient other heating via gas

Description

Welcome to your perfect starter home located in a family-friendly neighbourhood close to Georgian Bay. This 2 bed 2 bath is a truly affordable home right in the heart of Penetanguishene. A welcoming updated eat-in kitchen with a kitchen island for preparation and conversation is a cozy space for entertaining friends and family. Soak up the warm summer sun with a good book in the sunroom or host a get together with friends and family on the large side deck. The generous master bedroom has a convenient ensuite washroom. For added ease there is main floor laundry. This cute and cozy home will provide comfortable living on a good size in town lot with modernized bathrooms, multiple walkouts and with 2 garden sheds and a detached workshop you won't be lacking in outdoor storage. The large driveway offers ample space for multiple car/RV/trailer parking. Walking distance to schools, shopping, parks, walking trails, splash pad, beach and Georgian Bay. This home is great for first-time home buyers, an investor looking for a great opportunity or those looking to downsize. May allow for a possible severance! Why rent when you can own your own private space. Don't miss out on the opportunity to enter the housing market!

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Property Summary

This detached home located at 31 Wolfe Street, Penetanguishene is currently for sale and has been available on SousaSells for 440 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 31 Wolfe 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
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 16, 2025
Sold price information is available to members only
Listed Date5/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionAluminum Siding
BasementCrawl Space
Lot Size55.91 × 98.74 Feet
CountySimcoe
Annual Tax$1,949.4
Legal DescriptionSW 1/4 LT 1 W/S FOX ST PL 36 PENETANGUISHENE; PENETANGUISHENE

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeOther

Heating & Cooling

Heat SourceGas
Heat TypeOther
CoolingWall Unit(s)

Features

Property Features

Lake Access, Marina, Public Transit, Rec./Commun.Centre, School

Interior Features

Carpet Free

Security Features

Community Features

Location

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31 Wolfe 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 31 Wolfe Street, Penetanguishene, ON L9M 1B7

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.

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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$119,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,950.
Amortization Period30 Years
Estimated Monthly Payment$1,328Based on a loan of $279,300 over 30 years.
Purchase Price$399,000
Loan Amount$279,300
Provincial Land Transfer Tax:$4,460
Total Estimated Closing Taxes:$4,460

About Purchasing a Home in Penetanguishene, ON

For a property listed at $399,000 in Penetanguishene, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.

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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.