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For saleMLS® S13847726

45 Water Street, Penetanguishene, ON L9M 1M8

Penetanguishene · L9M 1M8

$799,000

$1,141 / sq ft

1 months on market

Bedrooms
2+1
Bathrooms
2
Interior
700 sf
Parking
4
Lot
59.7 × 75 ft

What's special

  • 4 parking spaces
  • Basement apartment
  • Fireplace
  • Accessory apartment
  • Carpet free
  • In-law suite
  • Separate hydro meter

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About this property

Luxury Water View, 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...

Rooms

12 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
KitchenMain3.70 × 5.70 m12.1 × 18.7 ftEat-in Kitchen · W/O To Sundeck
Living RoomMain3.30 × 4.30 m10.8 × 14.1 ft—
BedroomMain3.80 × 3.50 m12.5 × 11.5 ft—
BedroomMain2.70 × 3.50 m8.9 × 11.5 ft—
BathroomMain2.20 × 2.20 m7.2 × 7.2 ft4 Pc Bath
FoyerMain1.85 × 3.47 m6.1 × 11.4 ftB/I Shelves
KitchenLower5.20 × 2.77 m17.1 × 9.1 ftEat-in Kitchen · W/O To Patio
Family RoomLower3.10 × 6.37 m10.2 × 20.9 ftGas Fireplace · Murphy Bed
BedroomLower3.32 × 3.50 m10.9 × 11.5 ft—
BathroomLower2.46 × 3.29 m8.1 × 10.8 ft4 Pc Bath
LaundryLower1.06 × 7.11 m3.5 × 23.3 ft—
FoyerLower1.10 × 2.00 m3.6 × 6.6 ft—

Features

  • Accessory Apartment
  • Carpet Free
  • In-Law Suite
  • Separate Hydro Meter

Property details

Property

Property type
detached
Bedrooms
2 + 1
Bathrooms
2
Interior size
700 sq ft
Lot size
59.7 × 75 ft
Zoning
R2
Possession
Min 60 Days

Interior

Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full
Heating
Forced Air · Gas
Cooling
Other
Fireplaces
1
Exposure
East

Exterior & services

Construction
Vinyl Siding
Parking spaces
4
Sewer
Sewer

Costs

List price
$799,000
Property taxes
$4,672 / year (2025)
Price per sq ft
$1,141

Listing

MLS® number
S13847726
Status
For sale
Listed
October 1, 2026
Days on market
35
Last updated
October 1, 2026
Listing brokerage
LPT REALTY

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 67% of comparable detached listings in Penetanguishene are asking less.

$424KMedian $699K$1.10M
This home
$1,141 / sq ft
Comparable median
$536 / sq ft

Based on 54 comparable active detached listings in Penetanguishene. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.9% · minimum $54,900
$54,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,114.26
Property tax (est.)
$389.33
Estimated monthly
$4,504

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$12,455
Total due on closing
$12,455

An estimate on the asking price of $799,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of LPT REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$799,000

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