10 Magazine Street, Penetanguishene

Luxury Waterview, 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...**

Welcome to a thoughtfully designed bright custom home in a quiet, family-friendly neighbourhood just steps from Georgian Bay. Offering over 3,200 sq ft of beautifully finished living space (2280 above grade, 1089 below grade) 5+1 bedrooms, 3.5 bathroom. Set on a spacious lot with seasonal water views, this newly built two-storey home blends comfort, style, and functionality. Inside, a bright open-concept layout is filled with natural light and quality finishes throughout. The heart of the home is a stunning kitchen with a large island and stainless steel appliances, seamlessly connecting living and dining areas, perfect for entertaining or everyday life. A cozy wood-burning fireplace anchors the family room, while a walkout leads to an oversized deck ideal for relaxing and enjoying the peaceful surroundings. Upstairs, generously sized primary room with a walk-in closet and a luxurious 5-piece ensuite with heated floors. Whether you need space for family, guests, or a home office, this layout adapts effortlessly. A walkout basement adds exceptional value with a gas fireplace, and plenty of space to create an in-law suite or income-generating apartment, ideal for multi-generational living or added flexibility. With water access to Georgian Bay just a short walk away and close proximity to parks, schools, amenities, and shopping, this home offers the perfect balance of lifestyle and investment potential. You won't be disappointed.

A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Additionally, there is an unopened municipally owned road allowance bordering the west edge of the property. Seller has completed the following work related to the development of the property:-Initial planning consultation (May 2022)-Stage 1&2 Archaeological Assessment (December 2022)-Preliminary Site Plan (August 2023)-Environmental Impact Study (August 2023). Buyer to conduct their own due diligence regarding rezoning and future use.