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Front of 45 Water Street
45 Water StreetPenetanguishene, ON L9M 1M8
For SaleMotivated Seller
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Ontario Real Estate › Penetanguishene
Front of 45 Water Street
45 Water StreetPenetanguishene, ON L9M 1M8
For SaleMotivated Seller
See all 49 photos
DetachedMLS S13847726
Listed for:Listed 3 weeks ago
$799,000
Estimated value$720,000▼ 11%EstimateEstimated Rebate:$9,988Cashback
2+1 Bedrooms
2 Bathrooms
700~1.1K Sq.Ft.
59.7 x 75 ft Lot
$4,672 Tax/yr
Kim Karimi
Kim Karimi

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416-838-3031
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About this home

45 Water Street, Penetanguishene

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...

Accessory ApartmentCarpet FreeIn-Law SuiteSeparate Hydro MeterBeachGolf

Facts & features

TypeDetached
StyleBungalow-raised
Size700~1.1K Sq.Ft.
Lot59.7 x 75 ft
Tax$4,672 (2025)
HeatingForced air, gas
CoolingOther
BasementApartment, finished with walk-out, separate entrance, full
Parking4 drive
WaterMunicipal
FireplaceYes, natural gas

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Rooms

12 rooms · 2 bathrooms
Main floor6 rooms
  • Foyer6′1″ × 11′5″69 sq.ft.
  • Bedroom8′10″ × 11′6″102 sq.ft.
  • Bedroom12′6″ × 11′6″143 sq.ft.
  • Living room10′10″ × 14′1″153 sq.ft.
  • Kitchen12′2″ × 18′8″227 sq.ft.
  • Bathroom7′3″ × 7′3″52 sq.ft.
Lower level6 rooms
  • Kitchen17′1″ × 9′1″155 sq.ft.
  • Bathroom8′1″ × 10′10″87 sq.ft.
  • Laundry3′6″ × 23′4″81 sq.ft.
  • Foyer3′7″ × 6′7″24 sq.ft.
  • Family room10′2″ × 20′11″213 sq.ft.
  • Bedroom10′11″ × 11′6″125 sq.ft.
Bathrooms2
4-pcMain4-pcLower

Around this home

Main & Water St
7Walking

Schools nearby

School rating, out of 10.

St-Josephelementary · Public · 0.5 km
4.4/10
Canadian Martyrselementary · Private · 0.5 km
3.0/10
Le Caronsecondary · Public · 0.7 km
4.8/10

Listing details

MLS® numberS13847726
Listed onOct 1, 2026
Days on market27
UpdatedOct 1, 2026
Listing brokerageLPT REALTY
PossessionFlexible

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KimHOMEH agent · Penetanguishene

"Priced 11% over our estimate. I would see it this week."

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© 2026 HOMEH Inc., Brokerage · RECO Registration #6000380 · 505 Highway 7 East, Units 308 & 309, Thornhill, ON L3T 7T1 · Listing data courtesy of the MLS® System of the listing brokerage, deemed reliable but not guaranteed.

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