45 Water Street, Penetanguishene, ON L9M 1M8
Penetanguishene · Near Main & Water St · View map
About this home
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...
The home
- Type
- Raised bungalow
- Style
- Bungalow-Raised
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 6
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance, Full
- Lot size
- 59.7 x 75 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Private Triple
Taxes & other
- Property taxes
- $4,672/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- Min 60 Days
- Cross street
- Main & Water St
- Neighbourhood
- Penetanguishene
More
- Price per sq ft
- ~$888 (at 900 sq ft)
- Listed
- Oct 1, 2026 · 11 days ago
- MLS® number
- S13847726
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The home and its surroundings
- Accessory Apartment
- Carpet Free
- In-Law Suite
- Separate Hydro Meter
- Beach
- Golf
- Hospital
- Lake Access
- School
- Marina
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
45 Water Street, Penetanguishene, ON L9M 1M8
Penetanguishene · Near Main & Water St
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Listing history for 45 Water Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 45 Water Street
Answers come straight from this home’s MLS® listing.
How much is 45 Water Street listed for, and what would it cost each month?
45 Water Street is listed for $799,000. With 20% down ($159,800), the mortgage payment would be roughly $3,223 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,612 a month, all in. That figure is an illustration, not a quote.
Is 45 Water Street freehold or a condo, and is there a monthly fee?
45 Water Street is a raised bungalow in Penetanguishene. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 45 Water Street have?
45 Water Street has 2 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms. The listing gives the style as bungalow-raised.
Does 45 Water Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 45 Water Street have a finished basement?
The listing describes the basement as apartment, finished with walk-out, separate entrance, full. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 45 Water Street?
45 Water Street is a raised bungalow. A raised bungalow has its main floor set about half a level above the ground, so the basement has bigger windows and more light than in a regular bungalow.
How big is 45 Water Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 59.7 x 75 ft.
How is 45 Water Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 45 Water Street?
Property taxes are $4,672 a year (2025), or about $389 a month.
Where is 45 Water Street?
45 Water Street is in Penetanguishene. The nearest main intersection is Main & Water St. The postal code is L9M 1M8.
How long has 45 Water Street been on the market?
45 Water Street was listed on October 1, 2026. It has been on the market for 11 days. It is an active listing (MLS® S13847726). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 45 Water Street asking?
Similar bungalow-style homes for sale nearby right now include 44 Jeffery Street at $699,900 (2+2 bed), 25 Lucy Street at $699,000 (2+1 bed) and 1439 Chapman Road at $924,000 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 45 Water Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 45 Water Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Penetanguishene, picked by style, size and price.
Raised bungalow$699,90044 Jeffery Street, Penetanguishene2+2 bed · 2 bath · PenetanguisheneCourtesy of: FARIS TEAM REAL ESTATE BROKERAGEView home →
Raised bungalow$699,00025 Lucy Street, Penetanguishene2+1 bed · 2 bath · PenetanguisheneCourtesy of: Team Hawke RealtyView home →
Raised bungalow$924,0001439 Chapman Road, Penetanguishene2+1 bed · 4 bath · PenetanguisheneCourtesy of: Century 21 B.J. Roth Realty Ltd.View home →Courtesy of: LPT REALTY
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.