Gurvinder Nokwal REALTOR®
For Sale Detached 17 days on market

$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

Room Level Dimensions
Foyer Main 6′ 1″ × 11′ 5″
Bedroom Main 8′ 10″ × 11′ 6″
Bedroom Main 12′ 6″ × 11′ 6″
Kitchen Lower 17′ 1″ × 9′ 1″
Living Room Main 10′ 10″ × 14′ 1″
Bathroom Lower 8′ 1″ × 10′ 10″
Kitchen Main 12′ 2″ × 18′ 8″
Laundry Lower 3′ 6″ × 23′ 4″
Bathroom Main 7′ 3″ × 7′ 3″
Foyer Lower 3′ 7″ × 6′ 7″
Family Room Lower 10′ 2″ × 20′ 11″
Bedroom Lower 10′ 11″ × 11′ 6″

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

Minimum for this price: $54,900 (6.87%)

Amortization, years

Estimated mortgage payment

$3,538 per month

Principal and interest
$3,538
Property tax
$389
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
Total, before legal fees
$172,255
Talk to me about financing

Estimates 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

45 Water Street, Penetanguishene, ON L9M 1M8 Penetanguishene, Penetanguishene, ON L9M 1M8
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Also listed as MLS® S13694756

Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$799,000 45 Water Street, Penetanguishene, ON L9M 1M8
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