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39 Poyntz St

12,000 SF Health Care Building Offered at $2,399,000 CAD in Penetanguishene, ON L9M 1N5

Investment Highlights

  • 2 GARAGE BUILDINGS ALSO PENDING REZONING
  • MAIN BUILDING IS 8600 S.F. WITH ATTACHED 2 UNIT DUPLEX (HOUSE) 3400 S.F.
  • BEING SOLD WITH PLANS AND ZONING FOR MULTI RES USE, OR CAN BE RUN AS RETIREMENT HOME STILL.

Executive Summary

12,000 s.f. building currently a 23 room retirement home/rooming house. Seller has made application to rezone to residential to permit 16 units in main building plus sever the house on the property to permit 2 more units in house plus 2 garage buildings that may be able to be converted for residential. Retirement home operated for the past 20+ years.

Property Facts

Price $2,399,000 CAD
Price Per Bed $104,304 CAD
Sale Type Investment
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 0.99 AC
Building Size 12,000 SF
No. Beds 23
No. Stories 2
Year Built 1962

zoning

Zoning Code CG (APPLICATION TO REZONE TO RESIDENTIAL)
CG (APPLICATION TO REZONE TO RESIDENTIAL)
  • Listing ID: 34343759

  • Date on Market: 2025-01-02

  • Last Updated:

  • Address: 39 Poyntz St, Penetanguishene, ON L9M 1N5

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