2 Tessier Drive, Penetanguishene, ON L9M 1V4
Penetanguishene · Near Main St. and Tessier Dr. · View map
About this home
If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request.
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 5000 + sq ft
- Bedrooms
- 13
- Bathrooms
- 12
- Kitchens
- 12
- Rooms
- 38
- Basement
- Crawl Space, Unfinished
- Lot size
- 94 x 93 ft
- Faces
- South
- View
- Bay, City, Downtown, Marina, Water, Trees/Woods, Park/Greenbelt
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Heat Detector, Smoke Detector, Security System
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 14
- Total parking
- 14
- Parking features
- Private, Unreserved
Taxes & other
- Property taxes
- $16,371/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Main St. and Tessier Dr.
- Neighbourhood
- Penetanguishene
More
- MLS® number
- S14154198
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The home and its surroundings
- Separate Heating Controls
- Separate Hydro Meter
- Storage
- Water Heater Owned
- Level
- Marina
- Park
- Place Of Worship
- Waterfront
- School Bus Route
- Deck
- Paved Yard
- Privacy
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
2 Tessier Drive, Penetanguishene, ON L9M 1V4
Penetanguishene · Near Main St. and Tessier Dr.
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Listing history for 2 Tessier Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 2 Tessier Drive
Answers come straight from this home’s MLS® listing.
How much is 2 Tessier Drive listed for, and what would it cost each month?
2 Tessier Drive is listed for $2,850,000. With 20% down ($570,000), the mortgage payment would be roughly $11,496 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $12,860 a month, all in. That figure is an illustration, not a quote.
Is 2 Tessier Drive freehold or a condo, and is there a monthly fee?
2 Tessier Drive is a multiplex in Penetanguishene. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 2 Tessier Drive have?
2 Tessier Drive has 13 bedrooms and 12 bathrooms. The listing gives the style as 3-storey.
Does 2 Tessier Drive have a garage and parking?
The listing does not show a garage. The driveway adds 14 spaces. In total the listing counts 14 parking spaces.
Does 2 Tessier Drive have a finished basement?
The listing describes the basement as crawl space, unfinished.
What style of home is 2 Tessier Drive?
2 Tessier Drive is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 2 Tessier Drive, and what is the lot size?
The lot is listed as 94 x 93 ft.
How is 2 Tessier Drive heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 2 Tessier Drive?
Property taxes are $16,371 a year (2026), or about $1,364 a month.
Where is 2 Tessier Drive?
2 Tessier Drive is in Penetanguishene. The nearest main intersection is Main St. and Tessier Dr.. The postal code is L9M 1V4.
Is 2 Tessier Drive still for sale?
Yes. It is an active listing (MLS® S14154198). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 2 Tessier Drive asking?
Similar properties for sale nearby right now include 476 Champlain Road at $2,349,900 (4 bed) and 339 Champlain Road at $3,450,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 2 Tessier Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 2 Tessier Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Courtesy of: Team Hawke Realty
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.