10 Water Street
Penetanguishene, ON
- 3 bed
- 2 bath
- approx. 1500-2000 sqft
- Duplex
Legal Duplex Steps from Downtown, Waterfront Park and Rotary Trail!An excellent opportunity for investors or those looking to live in one unit while generating rental income from the other! Plumbing, electrical and roof all redone in 2015 - not your regular rental unit! The main floor unit, currently vacant, features high ceilings, two generously sized bedrooms, a bright living room, kitchen, and 4pc bathroom. Don't forget the enclosed front porch, lower deck, large closets and shared Laundry.The upper unit offers a bright, kitchen with granite countertops and open-concept living area, one bedroom, and 3pc bathroom. Enjoy a coffee on the screened in upper deck while watching the boats in Penetanguishene Harbour.Outside, the large backyard provides plenty of room to relax, garden, or entertain, ample parking at both the front and rear of the property offers added convenience for both units. The unfinished basement provides an abundance of storage space, complemented by a rear storage shed for additional outdoor equipment.Enjoy the convenience of being within walking distance of downtown Main st., restaurants, waterfront parks, and the Town Dock. Whether you're expanding your investment portfolio, looking for a multi-generational living arrangement, or seeking a home with income potential - this is it !
Listing Details
- Taxes (2026)
- $4,468
- Listed
- October 30, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation
- Stone, Concrete Block
- Interior
- Carpet Free, In-Law Capability, Storage, In-Law Suite, Separate Heating Controls
- Lot Size
- 48.58 x 155.4 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Water St & Main St.
- Zoning
- R3
- Parcel Number
- 584320145
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Main Unit: Fridge, Stove, Microwave, Dishwasher. Washer & Dryer. Unit 2: Fridge, Stove, Dishwasher
- Exclusions
- Tenant Belongings
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 School0.6 km
Catholic · Simcoe Muskoka CDSB · 215 students
Grade 3 reading: 55% met the provincial standard · Grade 6 math: 0% met the provincial standard
- Burkevale Protestant Separate School Separate School0.7 km
Catholic · Penetanguishene PSSB · 345 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 57% met the provincial standard
Secondary
- École secondaire Le Caron1 km
French public · CS Viamonde · 100 students
Grade 10 literacy: 100% met the provincial standard
- Georgian Bay District Secondary School4.1 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
- $598,500
- Homes sold
- 116
- Median days on market
- 34
- Sale-to-list price
- 95.8%
Based on 116 recorded sales of residential freehold properties in Penetanguishene over the last 12 months.
Rooms
4-piece on Main, 3-piece on Upper
Upper
- Bedroom11'3" x 11'3"
- Family Room18'9" x 18'4"
- Foyer8'9" x 3'10"
- Kitchen13'4" x 9'7"
Main
- Bedroom13' x 9'4"
- Foyer6' x 6'
- Kitchen16'7" x 8'11"
- Laundry7'8" x 6'8"
- Living Room12' x 11'7"
- Other8'4" x 6'10"
- Primary Bedroom13' x 8'9"
Listed by
Real Broker Ontario Ltd.
Walk Score
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Location
Street View
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
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: $2,456/mo (20% down, 5.5%)
Taxes: $372/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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