39 Yeo Street, Penetanguishene, ON L9M 1C7
Penetanguishene
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 39 Yeo Street, Penetanguishene, ON L9M 1C7
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# S13029528
Listed by KAIZEN CAPITAL REALTY PARTNERS
On market since Apr 22, 2026
What comparable homes actually sold for in the last 12 months.
39 Yeo Street, Penetanguishene, ON L9M 1C7 is listed for $1,299,000 CAD.
39 Yeo Street, Penetanguishene, ON L9M 1C7 is a Land, 1,500 sq ft.
39 Yeo Street, Penetanguishene, ON L9M 1C7 is in Penetanguishene, Ontario.
39 Yeo Street, Penetanguishene, ON L9M 1C7 is currently for sale.
The annual property taxes on 39 Yeo Street, Penetanguishene, ON L9M 1C7 are approximately $3,802 CAD.
Contact Alex Morgan at +16471112222 to arrange a private showing of 39 Yeo Street, Penetanguishene, ON L9M 1C7 (MLS# S13029528). You can also send a message through the contact form on this site.
