Location, Location, Location! Situated at the busiest intersection in the heart of downtown Penetanguishene. Live and work in the same building or purchase as an excellent investment opportunity. The property has a beautifully renovated, self-contained one-bedroom apartment that sits above a commercial space, accessible via separate entrances from both the main street and the rear. This apartment can be isolated from or combined with the commercial area, depending on your needs. The open concept apartment features high ceilings, appliances, a separate room ideal for an office or storage, and a spacious bedroom with access to a covered porch with views of Georgian Bay. The modern 4-piece bathroom has ample storage and laundry facilities. The property boasts constant exposure to both vehicular and pedestrian traffic right at your door. The 1,300 sq/ft main floor commercial space offers soaring 11-foot ceilings and features a charming mix of hardwood floors, exposed brick, and drywall, providing a versatile aesthetic suitable for many business types. Also includes two washrooms, a spacious area perfect for additional commercial space or a staff lunchroom and at the rear, a third large room offers flexibility as either office or retail space. Zoned (DW) Downtown Waterfront Commercial, this versatile zoning allows for numerous potential uses including, but not limited to, an Art Gallery, Child Care, Fitness Centre, Financial Institution, Library, Medical Clinic, Office Space, Restaurant, Retail Store, or Veterinary Clinic. Please refer to the zoning by-law. A large, high, and dry basement provides ample storage space or additional commercial area, for even more flexibility. The property has been fully updated with new electrical, plumbing, and fire safety systems, ensuring a safe and modern environment for any business. Penetanguishene is a bustling tourist town on the shores of Georgian Bay, offering a vibrant community with numerous restaurants and attractions. (id:47421)