Address
39 Yeo Street, Penetanguishene, ON
Price
$ 1,299,000
Property Attributes
  • ID#S13705676
  • TypeLand
  • Listing Status New
  • CityPenetanguishene
  • AreaPenetanguishene
  • NeighbourhoodPenetanguishene
  • Postal CodeL9M 1C7
  • StyleResidential
  • Taxes$ 3802
  • Price$ 1,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1500
  • Lot Size4.468 Acres
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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.

Price History
8/24/2026 Listed $1,299,000

General Features

Sewer Sanitary+Storm
Utilities Yes
Parking Spaces 10
Property Subtype Land
Tax Year 2025
Lot Depth 628.0
Business Type Residential
County Simcoe
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Penetanguishene
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 3802.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 3 N/S YEO ST PL 36 PENETANGUISHENE AS IN RO1215028(FIRSTLY); PENETANGUISHENE

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
Rail No
SoilTest Environmental Audit
Spa No
Building Area Total 1500.0
Lot Size Source MPAC
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in L9M 1C7

Price
AVG $1.3M
$1.3M
Taxes
AVG $3,802
$3,802
Visits
AVG 12
10
Data Provided by Inside Real Estate®