45 WATER STREET, Penetanguishene, Ontario

$874,900

3 Beds
2 Baths

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...** (id:50212)

Listing ID: S13120684
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Laundry room	Lower level	1.06 m x 7.11 m
Foyer	Lower level	1.1 m x 2 m
Kitchen	Lower level	5.2 m x 2.77 m
Family room	Lower level	3.1 m x 6.37 m
Bedroom	Lower level	3.32 m x 3.5 m
Bathroom	Lower level	2.46 m x 3.29 m
Kitchen	Main level	3.7 m x 5.7 m
Living room	Main level	3.3 m x 4.3 m
Bedroom	Main level	3.8 m x 3.5 m
Bedroom	Main level	2.7 m x 3.5 m
Bathroom	Main level	2.2 m x 2.2 m
Foyer	Main level	1.85 m x 3.47 m

Details

Architectural Style: Raised bungalow
Amenities Nearby: Beach, Golf Nearby, Hospital, Schools, Marina
Features: Irregular lot size, Carpet Free, In-Law Suite
Ownership: Freehold
Parking Spaces: 4
Structure: Shed
Transaction: For sale
View: Direct Water View, Unobstructed Water View
Water Body Name: Georgian Bay
Zoning Description: R2

Building

Amenities: Fireplace(s), Separate Electricity Meters
Appliances: Dryer, Stove, Washer, Refrigerator
Architectural Style: Raised bungalow
BasementType: N/A, N/A (Finished), N/A, Full
Basement Development: Finished
Basement Features: Apartment in basement, Walk out, Separate entrance
Bedrooms Main Level: 2
Bedrooms Lower Level: 1
Construction Style Attachment: Detached
Exterior Finish: Vinyl siding
Fireplace Present: True
Fireplace Total: 1
Foundation: Concrete
Bathrooms (Total): 2
Heating: Forced air, Heat Pump
Heating Fuel: Natural gas
Size Interior: 700 - 1100 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Beach, Golf Nearby, Hospital, Schools, Marina
Fence: Fully Fenced
Sewer: Sanitary sewer
Size Frontage: 59 ft ,8 in
Size Irregular: 59.7 x 75 FT

Listing provided by LPT REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 45 WATER STREET in Penetanguishene Ontario. It was last modified on May 13th, 2026. Contact The TanTeam to schedule a viewing or to discover other Penetanguishene homes for sale.

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