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MLS® S12094014
Springwater, ON
Excellent Investment Property. Annual income potential $130,000. Three Commercial Units On Main plus Two Residential 2 Bedroom Units On Upper Floor (Stores connect to apartments above for perfect live above work opportunity). Tenants Pay TMI and Utilities, Ample Parking for 15 vehicles, Access from busy Penetanguishene Road and also From Martin Street. Roof Updated Approximately 10 Years Ago, Some Windows Replaced, Kitchen upgraded, Furnace Replaced In 2018 (Rental). Large backyard with BBQ and picnic table and space can be fenced. Room to build a shed. Building Approximately 4,600 Square Feet. Conveniently located 2 minutes drive from Highway 400 and exit 121. Minutes to Horseshoe Value, Mount St Louis Moonstone Resort, and other ski resorts. A short drive to Awenda, Muskoka, Orr Lake, Georgian Bay Islands, Balm Beach, Midland, Penetanguishene, Innisfil, Barrie, Elmvale, Orillia, Wasaga, Lake Simcoe, 1-hr from Toronto, and more. Currently 2/3 commercial units are leased and both apartments are leased. Total 5 units in the building (3 commercial plus 2 apartments above). Building appraised for 1.2 million in December 2025.
Inclusions
All equipment, appliances, light fixtures, office desk, couch.
Broker
COLDWELL BANKER THE REAL ESTATE CENTRE
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Commercial Retail
4570 Penetanguishene Road Springwater
Springwater
Type
Commercial Retail
Parking
None
Property Tax
~$5,062/yr
Heating
Gas Forced Air Open
Buying Essentials
Square Feet
4600 sqft
Parking
None
Finances
List Price
$1,150,000
Price per SQFT
$250/sqft
Property Tax
~$5,062/yr
Property Specs
Property Type
Commercial Retail
MLS Size
4600 sqft
Living & Amenities
Heating Type
Gas Forced Air Open
Policies & Utilities
Neighbourhood
Springwater
Listed On
Apr 21, 2025
Days on Market
Current: 564 days
Room information is not available for this listing.
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