$874,900Asking Price
45 Water Street, Penetanguishene, ON L9M 1M8
Penetanguishene, Penetanguishene
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...**
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...**
See MoreKey Info
- Bungalow Detached
- 4-Car Driveway
- No Garage
- Main & Water St
- 700-1100 Approximate Sq Feet
- Basement Apartment
- 2 + 1 Kitchens
- Forced Air Gas Heating
- A/C
Property
- Lot Size 59.7 x 75 Feet
- < .50 Acreage
- Vinyl Siding Exterior
- Taxes were $4,672 in 2025
- Possession: Min 60 Days
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #S13120684
- LPT REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 12.14' x 18.70' | Eat-in Kitchen, Walkout To Sundeck |
| 2 | Bathroom | Main | 7.22' x 7.22' | 4-PieceBath |
| 3 | Foyer | Main | 6.07' x 11.38' | Built-in Shelves |
| 4 | Kitchen | Lower | 17.06' x 9.09' | Eat-in Kitchen, Walkout To Patio |
| 5 | Bathroom | Lower | 8.07' x 10.79' | 4-PieceBath |
| 6 | Laundry | Lower | 3.48' x 23.33' | |
| 7 | Foyer | Lower | 3.61' x 6.56' | |
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Lower | |||
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Who lives here?
Penetanguishene, Penetanguishene is a north GTA neighbourhood.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
44%
of residents are
single and loving it.
44% singles
Penetanguishene (44%)Renters
31%
of residents
are renters.
31% renters
Penetanguishene (31%)Education
15%
of residents are
university grads.
15% university grads
Penetanguishene (15%)Income
Average Household Income
$94K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 12% |
| Trades | 11% |
| Government | 7% |
| Health | 6% |
| Management | 6% |
Immigrants
6%
of residents were
born outside of Canada.
6% immigrants
Penetanguishene (6%)Birthplace - All
2.3% from UK
All-time
Foreign Languages
Foreign Languages
| French | 11% |
| German | 1% |
Religions
Religions
| Christian | 79% |
