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45 Water Street Penetanguishene ON

📍 Penetanguishene, Ontario L9M 1M8

$874,900

Active
3BEDS
2BATHS
4PARKING
2KITCHENS
59.7×75LOT (FT)

📋 Listing Highlights

StatusActive
MLS®S13120684
ListedMay 13, 2026
Days on Market—
Property TypeResidential Freehold
StyleDetached
Cross StreetMain & Water St
PossessionMin 60 Days
Virtual TourView Tour →

📝 Listing Description

Luxury Waterview, 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...**

🏠 Property Details

Property TypeResidential Freehold
StyleDetached
Bedrooms3
Bathrooms2
Kitchens2

📐 Lot & Land

Lot Width59.7 ft
Lot Depth75 ft
Cross StreetMain & Water St

🔧 Building & Utilities

Heat SourceGas
HeatingForced Air
CoolingOther
BasementApartment, Finished with Walk-Out, Separate Entrance, Full
GarageNone
Parking4
ConstructionVinyl Siding
RoofAsphalt Shingle

💰 Financial

List Price$874,900
Annual Taxes$4,672 (2025)
PossessionMin 60 Days

🧮 Mortgage Calculator

$174,980
Est. Monthly Payment
$4,298/mo
Principal: $699,920 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by LPT REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #S13120684 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.