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59 MAIN Street, Penetanguishene, Ontario, L9M 1S8

MLS® # 40578512
Commercial For Sale In Penetanguishene, Ontario
$795,500
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
59 Main Street, Penetanguishene, ON
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ACTIVE
59 MAIN Street, Penetanguishene, Ontario, L9M 1S8
$795,500

Property Information:

Located in the heart of Penetanguishene's historic downtown core, this commercial property offers endless opportunities for savvy investors. Once renowned as the iconic Commodore Bar and Hotel, this landmark building sits proudly on a hilltop with views of the picturesque shores of Georgian Bay. Steeped in history and character, this property boasts a rich tapestry of human activity, with whispers of potential paranormal intrigue adding to its allure. With imagination and vision, the possibilities are boundless, including the exciting prospect of transforming it into a captivating haunted hotel and bar/restaurant experience. Penetanguishene is a town on the rise, with access to numerous improvement grants specifically tailored for enhancing the charm of its main street. Prospective buyers are encouraged by the Planning department to explore the potential of this property further, offering the opportunity to schedule a meeting to discuss various possibilities. Spanning an impressive 16,000 square feet, this expansive building is a blank canvas awaiting transformation. Whether you envision a boutique hotel, a trendy restaurant, or a vibrant entertainment venue, this property provides the perfect canvas for your entrepreneurial dreams. To facilitate the purchase, the seller is offering a generous $500,000 Vendor Take Back (VTB) financing option, subject to approved credit. Don't miss out on this rare opportunity to own a piece of Penetanguishene's history while shaping its future. Contact us today to schedule a viewing and unlock the potential of this remarkable property. (id:27)

Building Features:

  • Style: Office
  • Basement Type: Full

Property Features:

  • OwnershipType: Freehold
  • Property Type: Office
  • Community Features: High Traffic Area
  • Features: Visual exposure
  • Floor Space (approx): 16000.00
  • Lot Frontage: 90.0 Feet
  • Zoning: CG
  • Sewer: Municipal sewage system

Courtesy of: Revel Realty Inc., Brokerage (Tiny), Revel Realty Inc., Brokerage (Unit A)

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 59 MAIN Street, Penetanguishene, Ontario, L9M 1S8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

31 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

31 hot days expected in 2050

45/100

High

ClimateCheck®

Current data

This property, 59 MAIN Street , experiences 7 hot days per year at around 30.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 33.6 degrees Celsius.

Projected Avg. Temperature

Past
30.1℃
2050
33.6℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

67/100

ClimateCheck®

Current data

This property, 59 MAIN Street , experiences 12 significant 2-day storms per year, with about 322.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 411.8mm of precipitation per year.

Precipitation Per Storm

Past
322.4mm
2050
411.8mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 59 MAIN Street, Penetanguishene, Ontario, L9M 1S8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$94,276.44

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.51 %

High school certificate or equivalent

38.63 %

Apprenticeship trade certificate/diploma

5.35 %

College/non-university certificate

23.13 %

University certificate (below bachelor)

0.09 %

University Degree

10.29 %

Commuter

Travel To Work

By Car

87.34 %

By Public Transit

0.0 %

By Walking

8.55 %

By Bicycle

0.0 %

By Other Methods

4.11 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

29.93 %

Houses

70.07 %

Own Vs. Rent

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