For Sale: 2 Tessier Drive, Penetanguishene, ON - REW
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$2,850,000
13 bd • 12 ba • 5000 - 99999 sf • Multifamily
2 Tessier Drive
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$2,850,000
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2 Tessier DrivePenetanguishene, ON, L9M 1V4

  • 13 Bed
  • 12 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request. (id:63626)
Listed by: JIM HAWKE, Broker of Record, Team Hawke Realty

Home facts and features

Price details
List Price
$2,850,000
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Gross Taxes for 2025
$16,371
Home facts
Bedrooms
13
Full Bathrooms
12
Parking Spaces
14
Parking Details
No Garage, Shared
Property Type
Multifamily
Lot Size
94 ft x 93 ft (8742 ft²)
Depth
93 feet
Frontage
94.0 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Baseboard heaters, Electric
Basement Details
Unfinished, Crawl space
Features
Dry, Flat site, Level lot, Paved yard, Security system, Separate Electricity Meters, Separate Heating Controls, Smoke Detectors
Appliances
Alarm System, Dryer, Two Refrigerators, Two stoves, Washer, Water Heater, Water meter
Agent details
Primary Agent
JIM HAWKE
Primary Broker
Team Hawke Realty
Secondary Agent
VANESSA MOREAU
Secondary Broker
Team Hawke Realty
Listing details
Days on REW
2 Days
MLS® Number
S14154198
Source
Canadian Real Estate Association
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Property Insights

Burkevale Protestant School
  • Protestant Separate
  • JK - 8
ÉP Saint-Joseph
  • Public
  • JK - 6
Canadian Martyrs Catholic School
  • Catholic
  • JK - 8
James Keating Public School
  • Public
  • JK - 8
Caron School
  • Public
  • 7 - 12
St Ann's School
  • Catholic
  • JK - 8
North Simcoe Campus School
  • Public
  • 9 - 12
ÉÉC Saint-Louis
  • Catholic
  • JK - 8
Monsignor Castex School
  • Catholic
  • JK - 8
Sacred Heart School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker of Record
JIM HAWKE
Phone:
(705) 527-7877
Office:
705-527-7877
Salesperson
VANESSA MOREAU
Phone:
(705) 209-9229
Cell:
999-999-9999
Office:
705-527-7877
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