45 Water Street
Penetanguishene, ON
- 3 bed
- 2 bath
- approx. 700-1100 sqft
- Detached
- 28 days on market
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....**
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $4,672
- Listed
- August 20, 2026
Price History
Listing history
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Property
- Style
- Bungalow-Raised
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Accessory Apartment, Carpet Free, In-Law Suite, Separate Hydro Meter
- Lot Size
- 59.7 x 75 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Main & Water St
- Zoning
- R2
- Parcel Number
- 584320132
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Included
- Inclusions
- Fridge, Stove, Washer, Dryer, Built-In Cupboards.
- Exclusions
- Personal Property
Schools
Elementary
- École élémentaire Saint-Joseph0.4 km
French public · CS Viamonde · 240 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 69% met the provincial standard
- Canadian Martyrs Catholic School0.5 km
Catholic · Simcoe Muskoka CDSB · 215 students
Grade 3 reading: 55% met the provincial standard · Grade 6 math: 0% met the provincial standard
- École élémentaire Le Caron0.8 km
French public · CS Viamonde · 60 students
Secondary
- École secondaire Le Caron0.8 km
French public · CS Viamonde · 100 students
Grade 10 literacy: 100% met the provincial standard
- Georgian Bay District Secondary School4.2 km
Public · Simcoe County DSB · 1110 students
Grade 10 literacy: 82% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Penetanguishene · last 12 months
- Median sold price
- $600,000
- Homes sold
- 123
- Median days on market
- 34
- Sale-to-list price
- 95.6%
Based on 123 recorded sales of residential freehold properties in Penetanguishene over the last 12 months.
Rooms
4-piece on Main, 4-piece on Lower
Main
- Bathroom7'3" x 7'3"
- Bedroom8'10" x 11'6"
- Bedroom12'6" x 11'6"
- Foyer6'1" x 11'5"
- Kitchen12'2" x 18'8"
- Living Room10'10" x 14'1"
Lower
- Bathroom8'1" x 10'10"
- Bedroom10'11" x 11'6"
- Family Room10'2" x 20'11"
- Foyer3'7" x 6'7"
- Kitchen17'1" x 9'1"
- Laundry3'6" x 23'4"
Listed by
LPT REALTY
Walk Score
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Location
Street View
Mortgage Calculator
$169,600
Estimated Monthly Payment
$4,166
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,166/mo (20% down, 5.5%)
Taxes: $389/mo · Insurance: $212/mo
Estimates only. Consult a financial advisor.
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