$874,900
FOR SALE

Detached Bungalow-Raised

Bedrooms: 3Bathrooms: 2Lot: 59.7 x 75 ft
2025 Taxes: $4,672

45 Water St
Penetanguishene, ON L9M 1M8 | Simcoe

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...**
Extras
Accessory Apartment, Carpet Free, In-Law Suite, Separate Hydro Meter
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Listed By LPT REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number S13120684
Last Updated May 13, 2026
Property Summary
Property Type Detached

More like this:
PIN 584320132
Legal Description PART LOT 20 N/S WATER ST PL 9 PENETANGUISHENE AND PART WATER ST PLAN 9 PENETANGUISHENE (CLOSED BY RO442115) AS IN RO1157366 AND PART 3, PLAN 51R26695; PENETANGUISHENE
Possession Date Min 60 Days
Taxes (2025) $4,672
Directions/Cross Streets Main & Water St
Neighbourhood Penetanguishene
Area Simcoe
Price History

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Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 3
Bathrooms 2
Rooms 12
Lot 59.7 x 75 ft
Exterior Vinyl Siding
Air Conditioning Other
Family Room Y
Fireplace/Stove Y
Basement Apartment, Finished with Walk-Out, Separate Entrance, Full
Garage Type None
Parking Spaces 4
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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