48 Main Street, Penetanguishene, ON
Property Highlights
Welcome to this remarkable sale of business 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 $3,799,000 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.
- 0 Bedrooms and 10 Bathrooms
- Premium 77 x 207.84 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
The very popular and well-known Phil's Family Restaurant, including the real estate, is now available in the heart of downtown Penetanguishene. This established restaurant occupies 1,600sq ft and is licensed for 70 seats, with a full commercial kitchen featuring an 11-ft hood, two walk-in coolers (1 + 1), and 400-amp electrical service. The business enjoys excellent sales and strong, consistent income, making it a proven operation with a long-standing reputation in the community. The property also includes six fully tenanted residential apartments located above the restaurant, bringing the total building size to approximately 4,400 sq ft across two floors. The 6 residential units provide steady rental income that supports both the business and the overall investment, creating a rare opportunity to acquire a restaurant with built-in income-producing real estate. This is an ideal opportunity for owner-operators or investors seeking a well-established restaurant paired with reliable residential income. Training will be provided to ensure a smooth transition for new ownership. Please do not go direct or speak to staff.
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Property Summary
This sale of business located at 48 Main Street, Penetanguishene is currently for sale and has been available for 3 days. This property is listed at $3,799,000 with an estimated mortgage of $12,645* per month. It has 0 beds, 10 bathrooms, and is unknown square feet. 48 Main Street, Penetanguishene is in the Penetanguishene neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Penetanguishene, Penetanguishene.
- •10 well-appointed bathrooms
- •Desirable Sale Of Business architecture in Penetanguishene, Penetanguishene
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- No
Community Features
- Greenbelt/Conservation
- Major Highway
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Penetanguishene?
If you are looking for a house in Penetanguishene or researching Penetanguishene real estate for sale, this sale of business at 48 Main Street, Penetanguishene, ON offers an exceptional opportunity to buy a home in Penetanguishene, Ontario. Whether you are a first-time Penetanguishene home buyer or comparing active Penetanguishene MLS® homes for sale, working with a dedicated Penetanguishene buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Penetanguishene realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Penetanguishene Buyer Budget & Costs
Estimated mortgage: $12,645*/month*. Estimated Ontario Land Transfer Tax: $81,450. First-time Penetanguishene home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Penetanguishene
Frequently Asked Questions about 48 Main Street, Penetanguishene, ON
Q.What is the asking price for 48 Main Street, Penetanguishene, ON ?
The current listing price for 48 Main Street, Penetanguishene, ON in Penetanguishene, Penetanguishene is $3,799,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 10 bathrooms.
Q.What property type and architectural style is 48 Main Street, Penetanguishene, ON ?
48 Main Street, Penetanguishene, ON is a Sale Of Business () featuring a basement.
Q.What neighborhood and community amenities are nearby?
Community features and nearby amenities include: Greenbelt/Conservation, Major Highway.
Q.What security features are installed at 48 Main Street, Penetanguishene, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Penetanguishene, Penetanguishene
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 48 Main Street, Penetanguishene, ON L9M 1S8
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 $3,799,000 in Penetanguishene, the legal minimum down payment is $759,800 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 $81,450 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 $81,450.
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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.
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