59 Main Street
Penetanguishene, ON
- 16,165 sqft
- Sale Of Business
- 18 days on market
Exceptional opportunity for developers and investors to acquire a substantially advanced mixed-use development site at 59 Main Street, prominently positioned on the corner of Main St & Simcoe St in Penetanguishene. This approximately 8,100 sq. ft. hilltop property offers Georgian Bay sightlines, excellent exposure and General Commercial (CG) zoning, creating the foundation for an attractive residential and commercial infill project. More than simply a parcel of land, the offering includes the real estate, upgraded site infrastructure and a comprehensive architectural and engineering IP package, including professional renderings, floor plans, massing studies and elevation plans. Significant infrastructure work has already been completed, with municipal water, sewer and electrical services upgraded and capped at the property line, potentially representing $25,000-$40,000+ in avoided hookup costs. The site is vacant and positioned for execution within municipal parameters, allowing a purchaser to build upon considerable upfront planning and design work rather than starting from scratch. For a developer looking to reduce pre-construction uncertainty, shorten the development timeline and control upfront costs, 59 Main Street represents a rare opportunity to acquire a strategically located infill site with much of the groundwork already completed.
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Listing Details
- Taxes (2025)
- $4,459
- Listed
- August 31, 2026
Price History
Listing history
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Parking
- Garage
- None
Location & Legal
- Cross Street
- Main St and Simcoe St
- Zoning
- CG
- Parcel Number
- 584330122
- Possession
- Flexible
- Occupancy
- Vacant
Commercial
- Business Type
- Other
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
- $600,000
- Homes sold
- 123
- Median days on market
- 34
- Sale-to-list price
- 95.6%
Based on 123 recorded sales of commercial properties in Penetanguishene over the last 12 months.
Listed by
RE/MAX CROSSTOWN REALTY INC.
Walk Score
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Location
Street View
Commercial figures
- Building area
- 16,165 sq ft
- Price per sq ft
- $80.42
- Annual property tax
- $4,459
- Tax per sq ft
- $0.28
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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