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For saleNew listingMLS® S14133898

10 Water Street, Penetanguishene, ON L9M 1V6

Penetanguishene · L9M 1V6

$499,900

$333 / sq ft

5 days on market

Bedrooms
3
Bathrooms
2
Interior
1,500 sf
Parking
5
Lot
48.58 × 155.4 ft
Age
100+ years

What's special

  • 5 parking spaces
  • Central air
  • Finished basement
  • Carpet free
  • In-law capability
  • Storage
  • In-law suite
  • Separate heating controls

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About this property

Legal Duplex Steps from Downtown, Waterfront Park and Rotary Trail!An excellent opportunity for investors or those looking to live in one unit while generating rental income from the other! Plumbing, electrical and roof all redone in 2015 - not your regular rental unit! The main floor unit, currently vacant, features high ceilings, two generously sized bedrooms, a bright living room, kitchen, and 4pc bathroom. Don't forget the enclosed front porch, lower deck, large closets and shared Laundry.The upper unit offers a bright, kitchen with granite countertops and open-concept living area, one bedroom, and 3pc bathroom. Enjoy a coffee on the screened in upper deck while watching the boats in Penetanguishene Harbour.Outside, the large backyard provides plenty of room to relax, garden, or entertain, ample parking at both the front and rear of the property offers added convenience for both units. The unfinished basement provides an abundance of storage space, complemented by a rear storage shed for additional outdoor equipment.Enjoy the convenience of being within walking distance of downtown Main st., restaurants, waterfront parks, and the Town Dock. Whether you're expanding your investment portfolio, looking for a multi-generational living arrangement, or seeking a home with income potential - this is it !

Rooms

11 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
FoyerMain1.83 × 1.82 m6.0 × 6.0 ft—
Living RoomMain3.67 × 3.53 m12.0 × 11.6 ft—
KitchenMain5.05 × 2.72 m16.6 × 8.9 ft—
BedroomMain3.96 × 2.85 m13.0 × 9.4 ft—
Primary BedroomMain3.96 × 2.67 m13.0 × 8.8 ft—
OtherMain2.54 × 2.09 m8.3 × 6.9 ft—
LaundryMain2.34 × 2.03 m7.7 × 6.7 ft—
FoyerUpper2.67 × 1.18 m8.8 × 3.9 ft—
Living RoomUpper5.72 × 5.60 m18.8 × 18.4 ft—
KitchenUpper4.06 × 2.92 m13.3 × 9.6 ft—
BedroomUpper3.43 × 3.42 m11.3 × 11.2 ft—

Features

  • Carpet Free
  • In-Law Capability
  • Storage
  • In-Law Suite
  • Separate Heating Controls

Property details

Property

Property type
multiplex
Bedrooms
3
Bathrooms
2
Interior size
1,500 sq ft
Year built
100+
Lot size
48.58 × 155.4 ft
Zoning
R3
Possession
flexible

Interior

Basement
Unfinished, Exposed Rock
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
South

Exterior & services

Construction
Stucco (Plaster)
Parking spaces
5
Sewer
Sewer

Costs

List price
$499,900
Property taxes
$4,468 / year (2026)
Price per sq ft
$333

Listing

MLS® number
S14133898
Status
For sale
Listed
October 30, 2026
Days on market
5
Last updated
November 4, 2026
Listing brokerage
Real Broker Ontario Ltd.

Price & sale history

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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.

Mortgage estimate

Down payment5.0% · minimum $24,995
$24,995
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,625.83
Property tax (est.)
$372.33
Estimated monthly
$2,998

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
$6,473
Total due on closing
$6,473

An estimate on the asking price of $499,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Real Broker Ontario Ltd.. 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.

$499,900

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