39 Yeo Street
Penetanguishene, ON
1,500 sqft • Land • 126 days on market
A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Additionally, there is an unopened municipally owned road allowance bordering the west edge of the property. Seller has completed the following work related to the development of the property:-Initial planning consultation (May 2022)-Stage 1&2 Archaeological Assessment (December 2022)-Preliminary Site Plan (August 2023)-Environmental Impact Study (August 2023). Buyer to conduct their own due diligence regarding rezoning and future use.
Listing Details
- Taxes (2025)
- $3,802
- Listed
- April 22, 2026
Price History
Listing history
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Property
- Lot Size
- 325.38 x 628 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Yeo St. Just West of Church St. on North Side
- Zoning
- R1 & Deffered Development
- Parcel Number
- 584370057
- Possession
- Immediate
Commercial
- Business Type
- Residential
- Occupancy
- Tenant
Included
- Inclusions
- HOT TUB - AS IS, Built-in Microwave, Carbon Monoxide Detector, Dryer, Gas Stove, Hot Tub, Refrigerator, Satellite Dish, Smoke Detector, Washer, Hot Water Tank Owned, Window Coverings
- Exclusions
- None
- Rental Items
- None
Community
Postal area L9M
- Population
- 16,607
- Private dwellings
- 9,066
- Median age
- 53.2
- Average household size
- 2.3
- Median household income
- $76,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Penetanguishene · last 12 months
- Median sold price
- $595,000
- Homes sold
- 129
- Median days on market
- 33
- Sale-to-list price
- 95.8%
Based on 129 recorded sales of commercial properties in Penetanguishene over the last 12 months.
Listed by
KAIZEN CAPITAL REALTY PARTNERS
Commercial figures
- Building area
- 1,500 sq ft
- Price per sq ft
- $866.00
- Annual property tax
- $3,802
- Tax per sq ft
- $2.53
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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