59 MAIN STREET, Penetanguishene
$1,300,000
For sale: Other
- Property type
- Sale Of Business
- MLS®
- MLS® S13727236
- Neighbourhood
- Penetanguishene
Exceptional opportunity for developers and investors to acquire a substantially advanced mixed-use development site at 59 Main Street, prominently positioned on the corner of Main St & Simcoe St in Penetanguishene. This approximately 8,100 sq. ft. hilltop property offers Georgian Bay sightlines, excellent exposure and General Commercial (CG) zoning, creating the foundation for an attractive residential and commercial infill project. More than simply a parcel of land, the offering includes the real estate, upgraded site infrastructure and a comprehensive architectural and engineering IP package, including professional renderings, floor plans, massing studies and elevation plans. Significant infrastructure work has already been completed, with municipal water, sewer and electrical services upgraded and capped at the property line, potentially representing $25,000-$40,000+ in avoided hookup costs. The site is vacant and positioned for execution within municipal parameters, allowing a purchaser to build upon considerable upfront planning and design work rather than starting from scratch. For a developer looking to reduce pre-construction uncertainty, shorten the development timeline and control upfront costs, 59 Main Street represents a rare opportunity to acquire a strategically located infill site with much of the groundwork already completed.
Sold data
Homes in Penetanguishene — recent sold market
Homes in Penetanguishene took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 61, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.
The median sale price was $574,950.
Homes sold for about 4.1% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
- Median days to sell
- 35
- Median sale price
- $574,950
- Sale-to-list ratio
- 95.9%
- Sold above asking
- 5%
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Penetanguishene
Penetanguishene has 6 Fraser Institute–rated schools (5 elementary and 1 secondary), averaging 4.7/10.
- Rated schools
- 6
- Elementary
- 5
- Secondary
- 1
- Average rating
- 4.7 / 10
Top-rated schools in Penetanguishene
- Burkevale — elementaryFraser rating 7.6/10
- St Ann's — elementaryFraser rating 6.1/10
- St-Joseph — elementaryFraser rating 5.7/10
- Le Caron — secondaryFraser rating 4.8/10
- James Keating — elementaryFraser rating 2.2/10
- Canadian Martyrs — elementaryFraser rating 2.0/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 59 MAIN STREET
$1,499,000
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Other2318 MAIN STREET E, Shelburne, Shelburne
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Other124 ANNE STREET S, 400 North, Barrie