2 TESSIER DRIVE

Penetanguishene, , L9M1V4, Canada

$2,980,000

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.

EXTRAS: Washer, Dryer, Alarm System, Two stoves, Water Heater, Two Refrigerators

Last updated on : Monday 24th of November 2025 11:21:22 AM

ADDRESS

Street : 2 TESSIER DRIVE

City : Penetanguishene

Country : Canada

Postal Code : L9M1V4

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PROPERTY SUMMARY

Property ID : S12567720

Building Type : Other

Property Type : Multi-family

Bedrooms : 13

Bathrooms : 12

Parking : 14

Parking Type: No Garage, Shared

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