39 Yeo Street, Penetanguishene — For Sale in Penetanguishene
0 bed · 0 bath · Land for sale in Penetanguishene.
39 Yeo Street, Penetanguishene, ON L9M 1C7
About This Property
Now for sale at 39 Yeo Street in Penetanguishene: a 0-bedroom, 0-bathroom land listed at $1,299,000.
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.
Property Specifications
| MLS® Number | S13029528 |
|---|---|
| Status | For Sale |
| List Price | $1,299,000 |
| Property Type | Commercial |
| Sub Type | Land |
| Transaction Type | For Sale |
| Bedrooms | 0 |
| Bathrooms | 0 |
| Living Area | 1500 sq ft |
| Address | 39 Yeo Street, Penetanguishene, ON L9M 1C7 |
| City | Penetanguishene |
| Postal Code | L9M 1C7 |
Listing Contracted With: KAIZEN CAPITAL REALTY PARTNERS
