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45 WATER STREET, Penetanguishene — listed at $799,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Luxury Water View, Legal Duplex, Prime Investment Opportunity. Discover Refined Waterfront Living And Exceptional Income Potential In The Heart Of Historic Penetang. This Stunning Duplex At 45 Water Street Offers Panoramic Views Of Georgian Bay, Blending Timeless Charm With Modern Comfort. Property Highlights: Breathtaking Water Views: Wake Up To Sparkling Bay Vistas From Spacious, Sun-Filled Principal Rooms And Private Outdoor Living Areas. Amazing Indoor/ Outdoor Flow Opening Onto Decks And Patios. Thoughtfully Designed Duplex: Two Self-Contained Residences, Each Featuring Generous Living Space, Updated Kitchens, And Stylish Finishes Throughout. Turn-Key Investment: Strong Rental Demand In A Sought-After Waterfront Location; Ideal For Investors Seeking Reliable Income Or Owner-Occupants Looking To Offset Expenses. Premium Location: Steps To Downtown Boutiques, Dining, Marinas, And The Scenic Penetanguishene Waterfront Trail. Minutes To Regional Amenities And Year-Round Recreation. Features: Open-Concept Layouts With Abundant Natural Light, Private Balconies/Patios Overlooking The Water, In-Suite Laundry (Both Units) And Dedicated Parking, Low-Maintenance Landscaping. Why Penetanguishene? A Vibrant Harbour Town With A Rich Maritime Heritage, Penetanguishene Offers An Unparalleled Lifestyle, Boating, Beaches, And Small-Town Warmth, All Within Easy Reach Of The GTA. An Exceptional Opportunity For Discerning Buyers And Investors. Experience Waterfront Luxury And Proven Income In One Remarkable Property. This Property Has Been Extensively Renovated Including New Roof, Upgraded Insulation, Kitchen, Engineered Floors, Built In Cupboards, Custom Blinds, Heat Pumps For Both Units (AC), Front Porch, Bathrooms, Appliances, Etc... (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 1.85 x 3.47 meters |
| Bedroom | Main level | 2.7 x 3.5 meters |
| Bedroom | Main level | 3.8 x 3.5 meters |
| Kitchen | Lower level | 5.2 x 2.77 meters |
| Living room | Main level | 3.3 x 4.3 meters |
| Bathroom | Lower level | 2.46 x 3.29 meters |
| Kitchen | Main level | 3.7 x 5.7 meters |
| Laundry room | Lower level | 1.06 x 7.11 meters |
| Bathroom | Main level | 2.2 x 2.2 meters |
| Foyer | Lower level | 1.1 x 2 meters |
| Family room | Lower level | 3.1 x 6.37 meters |
| Bedroom | Lower level | 3.32 x 3.5 meters |
Could this work as an investment property?+
The basement description mentions: Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Penetanguishene before counting on it.
Is 45 WATER STREET a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
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.
Does it have a basement, and is it finished?+
Yes — Finished, Full, Apartment in basement, Separate entrance, Walk out, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
How is the home heated? Is it efficient?+
Heating is heat pump, forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 4 spaces — No Garage.
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