39 Yeo Street, Penetanguishene, ON L9M 1C7, Penetanguishene, ON, L9M 1C7
MLS: S13029528 | Land
$1,299,000
Property Description
A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Additionally, there is an unopened municipally owned road allowance bordering the west edge of the property. Seller has completed the following work related to the development of the property:-Initial planning consultation (May 2022)-Stage 1&2 Archaeological Assessment (December 2022)-Preliminary Site Plan (August 2023)-Environmental Impact Study (August 2023). Buyer to conduct their own due diligence regarding rezoning and future use.
Quick Facts
- Property Type: Land
- Bedrooms: None
- Bathrooms: None
- Lot Size: 4 sq ft (0.4 m²)
Costs
- Annual Taxes: $3,802.00 (2025)
Listing Provided by: KAIZEN CAPITAL REALTY PARTNERS
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Utilities: Yes
Exterior & Construction
- Sewer: Sanitary+Storm
Lot & Land
- Lot Size: 4 sq ft (0.4 m²)
- Zoning: R1 & Deffered Development
Community & Neighbourhood
- Neighbourhood: Penetanguishene
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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39 Yeo Street, Penetanguishene, ON L9M 1C7, Penetanguishene, ON, L9M 1C7