45 Water Street

Penetanguishene, Ontario L9M 1M8

Overview

At a glance

Days on market26 days
ListedOct 1, 2026
UpdatedOct 1, 2026
Size700-1100 sq ft
Lot59.7 x 75 Feet
Property taxes$4,672 (2025)
Parking4 spaces
BasementApartment, Finished with Walk-Out, Separate Entrance, Full
MLS® numberS13847726
Data sourcePropTx MLS® System
Listing brokerageLPT REALTY

About this home

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...

Details

Property

Style
Bungalow-Raised
Fronting on
East
Cross street
Main & Water St
Community
Penetanguishene
Municipality
Penetanguishene

Inside

Bedrooms above grade
2
Bedrooms below grade
1
Bathrooms
2
Kitchens
2
Basement
Apartment, Finished with Walk-Out, Separate Entrance, Full
Family room
Yes
Fireplace
Natural Gas
Interior features
Accessory Apartment, Carpet Free, In-Law Suite, Separate Hydro Meter

Utilities

Heating
Forced Air
Heating fuel
Gas
Cooling
Other
Sewer
Sewer

Building

Construction
Vinyl Siding
Foundation
Concrete
Roof
Asphalt Shingle
Pool
None

Parking

Garage
None
Parking spaces
4
Total parking
4
Driveway
Private Triple

Land

Frontage
59.7
Depth
75
Lot size units
Feet
Lot size (acres)
< .50
Waterfront
Georgian Bay
Property features
Beach, Golf, Hospital, Lake Access, School, Marina
Rooms (12)
RoomLevelSizeFeatures
FoyerMain1.85 x 3.47B/I Shelves
BedroomMain2.7 x 3.5
BedroomMain3.8 x 3.5
KitchenLower5.2 x 2.77Eat-in Kitchen, W/O To Patio
Living RoomMain3.3 x 4.3
BathroomLower2.46 x 3.294 Pc Bath
KitchenMain3.7 x 5.7Eat-in Kitchen, W/O To Sundeck
LaundryLower1.06 x 7.11
BathroomMain2.2 x 2.24 Pc Bath
FoyerLower1.1 x 2
Family RoomLower3.1 x 6.37Gas Fireplace, Murphy Bed
BedroomLower3.32 x 3.5
Value

What it’s worth

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Market read

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History

Listing history

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Compare

How it compares

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Neighbourhood

Around Penetanguishene

What’s nearby

Backs onto a parkBacks onto a trailQuiet streetBackyard faces north

  • Elementary schoolÉcole élémentaire Saint-Josephabout 6 min walk
  • High schoolNorth Simcoe Learning Centreabout 23 min walk
  • ParkPenetanguishene Rotary Parkright there
  • Playground about 3 min walk
  • TrailPenetanguishene Waterfront Trailabout 1 min walk
  • River or lakeLake Huronabout 2 min walk
  • Grocery storeFoodlandabout 7 min walk
  • DowntownPenetanguisheneabout 5 min walk
  • LibraryPenetanguishene Public Libraryabout 7 min walk
  • Rec centre or arenaNorth Simcoe Sports and Recreation Centreabout 5.2 km
  • Golf courseMidland Golf & Country Clubabout 2.8 km
  • HospitalGeorgian Bay General Hospital - Penetanguisheneabout 10 min walk
  • Highway on-rampExit 156about 16.3 km

Approximate: straight-line distances, and the backyard and street worked out from the map pin and map data © OpenStreetMap contributors. Check school boundaries with the school board.

On the map

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Community

The Penetanguishene market

Penetanguishene sale prices

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Costs

What it would cost

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%
An example rate. Use the one your lender quotes.
Every monthEstimate
Mortgage payment$0
Property tax$0
Monthly total$0
At closing
Ontario land transfer tax$0

Estimates only, not financial advice. Uses Canadian semi-annual compounding, the minimum down payment and mortgage insurance rules, and Ontario’s land transfer tax brackets. Your lender and lawyer confirm the real numbers. Legal fees, title insurance and moving costs aren’t included.

Listing courtesy of LPT REALTY. Listing information from the PropTx MLS® System. Each listing shows the brokerage that represents it. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate by PropTx. Last updated October 27, 2026 at 10:53 a.m.

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