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61 Thompson Rd W

18 Unit Apartment Building $4,640,757 USD ($257,820 USD/Unit) Penetanguishene, ON L9M 0A1

Investment Highlights

  • Retail amenities nearby
  • Ample parking
  • Brand new build
  • Access to highway
  • High exposure location
  • Natural light exposure

Executive Summary

Newly constructed 3 storey-18 unit apartment building in central Penetanguishene. Surplus land will permit an additional 3 storey-21 unit building with ability for quick approvals. Unit sizes range from 570-926 sq ft with a total GFA of +/- 15,012 sq ft. New elevator and security system installed. Outdoor surface parking available. Schools, shopping and waterfront are all within a 15 minute walk or 3 minute drive.

Property Facts

Price $4,640,757 USD
Price Per Unit $257,820 USD
Sale Type Investment
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.21 AC
Building Size 15,012 SF
No. Stories 3
Year Built 2023
Parking Ratio 1.8/1,000 SF

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Elevator
  • Walk-Up
  • Smoke Detector

zoning

Zoning Code R3 (Residential)
R3 (Residential)
  • Listing ID: 33906593

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 61 Thompson Rd W, Penetanguishene, ON L9M 0A1

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