Connie Huibers - Coldwell Banker Momentum Logo
$1,299,000
 $6,973 est/mo Sourced by Back At You

39 Yeo Street,Penetanguishene, ON L9M 1C7

Penetanguishene, ON L9M 1C7

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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.

Details

MLS #S13705676
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site7
Listing Provided ByKAIZEN CAPITAL REALTY PARTNERS | S13705676 427600

Features

SQ Feet1,500
Acreage0.03

Utilities

UtilitiesYes
SewerSanitary+Storm

Taxes

Tax Annual Amount3802
Tax TypeAnnual
Tax Legal DescriptionPT LT 3 N/S YEO ST PL 36 PENETANGUISHENE AS IN RO1215028(FIRSTLY); PENETANGUISHENE
Tax Year2025

Area Information

ProvinceON
RegionSimcoe
CityPenetanguishene
Postal CodeL9M 1C7
AreaPenetanguishene
Listing VS Median (in L9M 1C7)
Price:
$1,299,000
low | high
Med:
$1,299,000
50% of Average
sqft:
1,500
low | high
Med:
1,500
50% of Average
$ / sqft:
$866
low | high
Med:
$866
50% of Average
On site:
7
low | high
Med:
7
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionSimcoe
CityPenetanguishene
Postal CodeL9M 1C7
AreaPenetanguishene
Listing VS Median (in L9M 1C7)
Price:
$1,299,000
low | high
Med:
$1,299,000
50% of Average
sqft:
1,500
low | high
Med:
1,500
50% of Average
$ / sqft:
$866
low | high
Med:
$866
50% of Average
On site:
7
low | high
Med:
7
100% of Average
Sourced by Back At You
Listing Updated: August 24, 2026 at 11:52:41 AM PDT

Connie Huibers - Coldwell Banker Momentum