$799,000
Est. payment $3,538/moCalculate yours
45 Water Street, Penetanguishene, ON L9M 1M8
Penetanguishene, Penetanguishene, ON L9M 1M8
- 2 + 1 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of LPT REALTY MLS® S13847726
About this home
Luxury Water View, 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
Overview
- Property Type
- Detached
- Style
- Bungalow-Raised
- For
- For Sale
- Status
- New
- Size
- 700 sqft
Interior
- Bedrooms
- 2 + 1
- Bathrooms
- 2
- Kitchens
- 2
- Total Rooms
- 12
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance, Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Other
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 59.7 x 75 Feet
- Parking
- None garage · 4 total
- Zoning
- R2
Financial
- Property Taxes
- $4,672 (2025)
Location
- Neighbourhood
- Penetanguishene
- Cross Street
- Main & Water St
- Direction Faces
- East
Listing
- MLS® Number
- S13847726
- Days on Market
- 17
- Listed On
- 2026-10-01
- Possession
- Min 60 Days
- Listed By
- LPT REALTY
Rooms
Features
Interior
- Accessory Apartment
- Carpet Free
- In-Law Suite
- Separate Hydro Meter
Property
- Beach
- Golf
- Hospital
- Lake Access
- School
- Marina
Pool
- None
- Included
- Fridge, Stove, Washer, Dryer, Built-In Cupboards.
- Excluded
- Personal Property
Mortgage calculator
Estimated mortgage payment
$3,538 per month
- Principal and interest
- $3,538
- Property tax
- $389
- Condo fees
- $0
- Estimated monthly cost
- $3,927
Your mortgage
- Mortgage amount
- $639,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $422,140
Cash to close
- Down payment
- $159,800
- Land transfer tax
- $12,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $172,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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