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332 CHAMPLAIN ROAD, Penetanguishene — listed at $419,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
LEGAL DUPLEX ON OVER HALF AN ACRE WITH WATER VIEWS, TWO SELF-CONTAINED UNITS, DETACHED GARAGE & INCOME POTENTIAL! Set on more than half an acre directly across from Penetang Harbour, this side-by-side duplex gives you one property with two self-contained living spaces, opening the door to rental income potential, multi-generational living or the option to build your investment portfolio. Offering over 1,600 sq. ft. with five bedrooms and two full bathrooms, the home is arranged as a 3-bedroom unit and a 2-bedroom unit, each with its own laundry and separate electrical meter. The 3-bedroom unit features a fully renovated bathroom and some newer windows and is currently rented month-to-month for $2,000 per month plus utilities. The 2-bedroom unit has been updated with recently replaced flooring, a renovated bathroom, fresh paint throughout and upgraded plumbing and is leased until May 2027 for $1,595 per month plus utilities. Both tenants are responsible for their own snow removal and yard maintenance and are willing to stay. The 130 x 176 ft lot extends to roughly 220 ft deep on one side, providing over half an acre with water views, a detached single garage, two storage sheds and parking for four additional vehicles. Penetang Harbour sits directly across the road and Harbour West Marina is just steps away, putting boating and waterfront walks within easy reach, while Discovery Harbour, King's Wharf Theatre, Rotary Champlain Wendat Park, local schools and downtown Penetanguishene add even more to the location. For buyers looking to keep family close with separate living quarters, offset ownership costs or add an income property to their portfolio, 332 Champlain Road offers more than one way to make the property work for you. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Main level | 1.32 x 3.71 meters |
| Bedroom 3 | Main level | 2.74 x 2.36 meters |
| Dining room | Main level | 2.01 x 4.42 meters |
| Living room | Main level | 3.73 x 4.42 meters |
| Primary Bedroom | Main level | 3.66 x 3.05 meters |
| Bedroom 2 | Main level | 2.57 x 3.05 meters |
| Kitchen | Main level | 1.83 x 3.23 meters |
| Dining room | Main level | 2.03 x 4.24 meters |
| Living room | Main level | 3.02 x 4.24 meters |
| Primary Bedroom | Main level | 2.87 x 3.66 meters |
| Bedroom 2 | Main level | 2.74 x 2.92 meters |
Is 332 CHAMPLAIN ROAD a good fit for a growing family?+
With 5 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $2,899.9, heating is baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Unfinished, Crawl space. A finished basement adds meaningful living space beyond the listed square footage.
What's the parking situation?+
This property includes 5 spaces — Detached Garage, Garage.
Is this a good starter home?+
At $419,000, this is priced in starter-home territory for Penetanguishene. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
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