1 WATER Street (40404263)

GREAT INVESTMENT OPPORTUNITY - A BEAUTIFUL HISTORIC 1840s 2-STOREY 5700 sq ft BRICK BUILDING ON A HIGHLY VISIBLE MAJOR CORNER OF MAIN STREET IN PENETANGUISHENE A FEW BLOCKS FROM THE WATERFRONT. IT IS CURRENTLY BEING USED AS A COMMERCIAL AND RESIDENTIAL INCOME PRODUCER, FULLY TENANTED, LOTS OF PARKING. MAIN FLOOR INCLUDES 3 COMMERCIAL SPACES. SECOND FLOOR HAS 3 RESIDENTIAL APARTMENTS - A 3-BEDROOM SUITE & TWO 2-BEDROOM SUITES. VERY WELL MAINTAINED BUILDING WITH MAJOR IMPROVEMENTS AND UPGRADES (OVER $600,000) INCLUDING ROOF 2020, BOILER, A/C SYSTEM, UPDATED ELECTRICAL AND PLUMBING, FIRE-PROOFING, SIGNIFICANT UPGRADES TO APTS, NEW WINDOWS & DOORS ON 2ND LEVEL AND HANDPAINTED MURALS ON EXTERIOR DEPICTING HISTORY OF THE BUILDING. LOADED WITH ORIGINAL CHARACTER. A FULL SPRAWLING BASEMENT WITH ACCESS TO PARKING IDEAL FOR STORAGE, SHIPPING AND RECEIVING. 2 VEHICLE GARAGE AT REAR. IT IS ONE OF THE OLDEST COMMERCIAL SITES IN ONTARIO STILL IN OPERATION, ORIGINALLY USED BY NATIVES (METIS & OJIBWAY) TO TRADE FURS. OWNERS RETIRING. OWNERS RUN LONG ESTABLISHED AND VERY SUCCESSFUL GREEN BLOCK TRADING POST BUSINESS FROM ONE OF THE COMMERCIAL SPACES WHICH FOCUSSES ON SALE OF LOTTERY TICKETS, CIGARETTES, TOBACCO PRODUCTS, NATIVE AND NAUTICAL ITEMS. (id:48903)