50 Maria Street Penetanguishene, Ontario L9M 1L3

$1,259,500

Calling all investors who want a solid purpose built, fully rented 4 plex or; first time Buyers who want to pool together to be able to move in and invest in the real estate market instead of renting and putting your hard earned dollars into someone else's equity... Very rare offering; this solid, all brick, metal roof, 4 plex with 3 x two bedroom units and one 1 bedroom unit with separate hydro meters is just the thing you've been looking for! Have your mortgage broker and lawyer team look into how this can work for you. This idea of intentional housing (google it) started over 30 years ago when others in your position couldn't afford to get into the housing market but could put their assets and talents together to build a community and investments together. Situated in the heart of the up and coming historical town of Penetanguishene, and within walking distance to the Rotary Georgian Bay waterfront trails, schools (separate and public, anglophone, francophone and French immersion and private schools), malls, and quaint downtown core as wel the community center across the street with a hall and hockey/skating rink. High speed internet available here for your children/grand children and work from home buyers alike. Tenants are on month to month contracts. A 4 plex is considered a residential purchase but HST is in addition to the purchase. With good, professional legal advise from your lawyer, this is not a big deal but let them guide you. Look at 48 Maria Street, Penetanguishene, Ontario which is also for sale (identical as 50 Maria Street) and has to close at the same time as 50 Maria Street. (id:38443)

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https://www.realtor.ca/real-estate/25396629/50-maria-street-penetanguishene