45 Water Street, Penetanguishene, ON L9M 1M8
  • $848,000

Overview

  • Detached, Style Bungalow-Raised
  • Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms

Description

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….**

  • Address: Water
  • City: Penetanguishene
  • State/county: Simcoe
  • Zip/Postal Code: L9M 1M8
  • Area: Penetanguishene

Details

Updated on September 30, 2026 at 3:35 am
  • Price $848,000
  • Bedrooms 3
  • Bathrooms 2
  • Type Detached, Style Bungalow-Raised
  • Property Status Residential Freehold

Additional details

  • Bedrooms 2
  • Tax Year 2025
  • Square Footage 700-1100
  • Bedrooms Plus 1
  • Washrooms 2
  • Kitchens 1
  • Total Kitchens 2
  • Family Room Yes
  • Basement Apartment, Finished with Walk-Out, Separate Entrance, Full
  • Heating Type Forced Air
  • Heating Fuel Gas
  • Air Conditioning Other
  • Sewers Sewer
  • Front 59.7
  • Depth 75
  • Lot Size Under 0.5 acres
  • Driveway Private Triple
  • Parking Spaces 4
  • Total Parking Spaces 4
  • Exterior Finish Vinyl Siding
  • Property Orientation East
  • Other Structures Fence - Full, Shed
  • Taxes 4672
  • Occupancy Owner+Tenant
  • Cross Street Main & Water St
  • Courtesy of LPT REALTY
  • Price per Sq Ft ~$942 (at 900 sq ft)
  • Listed Aug 20, 2026 ยท 41 days on market

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