4570 PENETANGUISHENE ROAD, Springwater (Hillsdale)
$1,150,000
About this property
Excellent Investment Property. Annual income potential $130,000. Three Commercial Units On Main plus Two Residential 2 Bedroom Units On Upper Floor (Stores connect to apartments above for perfect live above work opportunity). Tenants Pay TMI and Utilities, Ample Parking for 15 vehicles, Access from busy Penetanguishene Road and also From Martin Street. Roof Updated Approximately 10 Years Ago, Some Windows Replaced, Kitchen upgraded, Furnace Replaced In 2018 (Rental). Large backyard with BBQ and picnic table and space can be fenced. Room to build a shed. Building Approximately 4,600 Square Feet. Conveniently located 2 minutes drive from Highway 400 and exit 121. Minutes to Horseshoe Value, Mount St Louis Moonstone Resort, and other ski resorts. A short drive to Awenda, Muskoka, Orr Lake, Georgian Bay Islands, Balm Beach, Midland, Penetanguishene, Innisfil, Barrie, Elmvale, Orillia, Wasaga, Lake Simcoe, 1-hr from Toronto, and more. Currently 2/3 commercial units are leased and both apartments are leased. Total 5 units in the building (3 commercial plus 2 apartments above). Building appraised for 1.2 million in December 2025. (id:66939)
Property details
- Price
- $1,150,000
- Living area
- 4,600 square feet
- Parking
- 16
- Property type
- Retail
- MLS® number
- S12094014
Location
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Review my home valueListing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. Source board: Toronto Regional Real Estate Board.
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