$874,900
9.39 BTC
Photos
45 Water Street, Penetanguishene
$874,900
PRICE
2 + 1
BEDROOMS
2
BATHROOMS
S13120684
MLSID

45 Water Street, Penetanguishene

Luxury Waterview, 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...**
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Summary

Address
45 Water Street
MLSID
S13120684
Property Type
Detached
Property Category
Bedrooms
2 + 1
Bathrooms
2
Rooms
6 + 6
Kitchens
1 + 1
Zoning
R2
Taxes (Annual)
$4,672.00
Tax Year
2025
Published
May 13, 2026
Days on Market
15 Days
Possession Type
Flexible
Possession Details
Min 60 Days
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Inclusions

Fridge, Stove, Washer, Dryer, Built-In Cupboards.

Exclusions

Personal Property

Details

Property Features
Beach, Golf, Hospital, Lake Access, School, Marina
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Lower Level
Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full
Interior Features
Accessory Apartment, Carpet Free, In-Law Suite, Separate Hydro Meter
Parking Spaces
4
Parking Total
4
Parking Features
Private Triple
Architectural Style
Bungalow-Raised
Roof
Asphalt Shingle
Construction Materials
Vinyl Siding
Lot Width
60 Feet
Lot Depth
75 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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