$1,299,000
Available - For Sale
Listing ID: S13029528
39 Yeo Street , Penetanguishene, L9M 1C7, Simcoe
| 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 | $1,299,000 |
| Taxes: | $3802.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 39 Yeo Street , Penetanguishene, L9M 1C7, Simcoe |
| Postal Code: | L9M 1C7 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 3 N/S YEO ST PL 36 PENETANGUISHENE |
| Directions/Cross Streets: | Yeo St. Just West of Church St. on North Side |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Designated |
| Use: | Residential |
| Building Percentage: | T |
| Total Area: | 1500.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Outside Storage: | F |
| Rail: | N |
| Crane: | F |
| Soil Test: | Environmenta |
| Sewers: | Sanitary+Storm |
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| KAIZEN CAPITAL REALTY PARTNERS |
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At a Glance:
| Type: | Com - Land |
| Area: | Simcoe |
| Municipality: | Penetanguishene |
| Neighbourhood: | Penetanguishene |
| Tax: | $3,802 |
| Fireplace: | N |
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