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39 Poyntz Street Image 1

$2,399,000

Nov 26, 2024Investment For Sale
bedroomsbed
washrooms0bath
MLS - #S10929692

39 Poyntz Street, Penetanguishene, ON L9M 1N5

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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 39 Poyntz Street

12,000 s.f. building currently a 23 room retirement home/rooming house. Seller has made application to rezone to residential to permit 16 units in main building plus sever the house on the property to permit 2 more units in house plus 2 garage buildings that may be able to be converted for residential. Retirement home operated for the past 20+ years. Currently Vacant. Built in 1962 with block and cement flooring with renovations most recently completed in 2023 included upgrades to plumbing and installation of a sprinkler system. Being sold with plans and zoning for multi res use, or can be run as retirement home still. Main building is 8600 sq. ft. with attached 2 unit duplex (House) 3400 sq. ft. Currently 25 private rooms in main building plus, living room, kitchen, multiple washrooms, office, laundry room. Attached house with 2 full additional living quarters, garage and shop buildings also on the property. Nicely situated on large lot overlooking Georgian Bay. Close to Village Square Mall, St Ann's Church, the Penetanguishene legion and the Main Street amenities.

Home Overview

Last updated

Apr 25

Virtual tour

None

Basement information

Building size

12000

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Listed by ED LOWE LIMITED

Additional Details

Basement:N/A
Cooling:No
Heating:Water Radiators
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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