Salehian.com 647-325-5000

45 Water Street

Penetanguishene, Penetanguishene, L9M 1M8

$799,000

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  • 2+1 bedrooms
  • 2 bathrooms
  • 4 parking
  • 700-1100 sq ft

Listed 19 days ago · MLS® S13847726

About this home

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...

Details

Type
Detached
Style
Bungalow-Raised
Size
700-1100 sq ft
Lot
59.7 × 75 ft
Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full
Garage
None
Kitchens
2
Property tax
$4,672 (2025)
Neighbourhood
Penetanguishene
Municipality
Penetanguishene
Price per sq ft
$888 (85% above detached houses in Penetanguishene, $481)

Interior

Bedrooms
2 above ground + 1 below
Bathrooms
1 × 4-piece (main), 1 × 4-piece (lower)
Kitchens
2 (1 below ground)
Rooms
6 above ground + 6 below
Family room or den
Yes
Fireplace
Natural Gas
Features
Accessory Apartment, Carpet Free, In-Law Suite, Separate Hydro Meter

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
Bungalow-Raised
Exterior
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Faces
East
Outdoor
Fence - Full, Shed

Parking

Total parking
4
Driveway and parking
Private Triple

Lot

Size
59.7 × 75 ft (irregular)
Acreage
< .50

More

Possession
Min 60 Days
Nearby
Beach, Golf, Hospital, Lake Access, School, Marina
Cross street
Main & Water St

Rooms

RoomLevelSizeFeatures
FoyerMain1.85 × 3.47 m (6'1" × 11'5")B/I Shelves
BedroomMain2.7 × 3.5 m (8'10" × 11'6")
BedroomMain3.8 × 3.5 m (12'6" × 11'6")
KitchenLower5.2 × 2.77 m (17'1" × 9'1")Eat-in Kitchen, W/O To Patio
Living RoomMain3.3 × 4.3 m (10'10" × 14'1")
BathroomLower2.46 × 3.29 m (8'1" × 10'10")4 Pc Bath
KitchenMain3.7 × 5.7 m (12'2" × 18'8")Eat-in Kitchen, W/O To Sundeck
LaundryLower1.06 × 7.11 m (3'6" × 23'4")
BathroomMain2.2 × 2.2 m (7'3" × 7'3")4 Pc Bath
FoyerLower1.1 × 2 m (3'7" × 6'7")
Family RoomLower3.1 × 6.37 m (10'2" × 20'11")Gas Fireplace, Murphy Bed
BedroomLower3.32 × 3.5 m (10'11" × 11'6")

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 4 cafés and restaurants, 3 parks. Nearest grocery: Foodland (450 m). Nearest park: Penetanguishene Rotary Park (200 m).

Schools nearby

Elementary

  • École élémentaire Saint-Joseph Catholic · French
    EQAO: Gr 6 reading 92%, math 69%    8 min walk
  • Canadian Martyrs Catholic School Catholic
    EQAO: Gr 6 reading 72%, math 0%    8 min walk
  • Burkevale Protestant Separate School
    EQAO: Gr 6 reading 89%, math 57%    14 min walk
  • James Keating Public School
    EQAO: Gr 6 reading 72%, math 37%    17 min walk

Secondary

  • École secondaire Le Caron French
    EQAO: Gr 9 math 59%, literacy test 100%    14 min walk
  • North Simcoe Learning Centre1.7 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L9M

Owners / renters
83% / 17%
Median household income
$76,000
Average age
49
Children under 15
11%
Homes
80% detached
Commute by transit
1%
Population
16,607

Languages spoken most at home besides English: Polish 0.5%, Russian 0.3%, Gujarati 0.1%, Ojibway 0.1%.

Safety

Crime Severity Index for Southern Georgian Bay (Penetanguishene) (OPP): 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by LPT REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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