2 Tessier Dr - Apartments FOR SALE


Penetanguishene, ON L9M 1V4
$2,980,000 CAD
705-527-7877
2 Tessier Dr, Penetanguishene, ON for Sale
$2,980,000 CAD
Apartments - FOR SALE
1/11
null | 6.2% Cap Rate

2 Tessier Dr
Penetanguishene, ON L9M 1V4


HIGHLIGHTS

  • Fully renovated 12-unit apartment building, priced at a 6.2% cap rate for strong returns.
  • Situated in downtown Penetanguishene, walking distance to shopping, restaurants, and scenic Georgian Bay waterfront trails.
  • Highly desirable area makes finding quality tenants easy, ensuring consistent occupancy and cash flow.
  • Features a laundry room, security room, paved parking, appliances, and updated fire and smoke system for safety.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,980,000 CAD

PRICE/SF

$387 CAD /SF

# OF UNITS

12

PRICE/UNIT

$248,333

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CG

APN/PARCEL ID

437201000309800

ASK ABOUT THIS PROPERTY

Jim HawkeTeam Hawke RealtyMore Info
705-527-7877

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Jim HawkeTeam Hawke RealtyMore Info
705-527-7877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.