For Sale

59 Main Street, Penetanguishene, Ontario L9M 1S8

$700,000

59 Main Street, Penetanguishene, Ontario L9M 1S8 is For Sale and has a listing price of 700,000. The property is located in the Penetanguishene neighbourhood . It's been on the website for 1 Day.

  • Sale Of Business
    Property Type
  • MLS ID: S12506528
  • Office Name RE/MAX CROSSTOWN REALTY INC.
Property Description

The Subject Property Is A Landmark Building Located In The Heart Of Penetanguishene Downtown Core, Steps From Marinas & Town Docks, Restaurants, Shops & The Waterfront Rotary Park & Trails. Formerly Known As The Commodore Bar and Hotel, This Three-story Commercial Structure Occupies A Prominent Hilltop Location With Views Of Georgian Bay. The Building Features Approximately 16,000 SqFt Of Gross Building Area Across Multiple Levels. The Structure Is Of Historical Significance And Offers An Opportunity For The Right Investor To Renovate Or Redevelop. Zoning Allows For Commercial Retail & Service Establishment, Restaurant, Bar, Entertainment Venue, Hotel, Boutique Accommodations, Mixed-use Development (Commercial Ground Floor W/ Multiple Dwelling Units Above), Professional Offices & Business Services. Future Renovations Or Redevelopment Will Need To Align W/ Penetanguishene’s Community Design Manual. This Building Is Vacant & Ready For Your Own Vision.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: S12506528
  • Price: $700,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: N/A
  • Ref ID: S12506528
  • Dir / Cross St: Main St and Simcoe St
  • Status: Active
  • Tax Year: 2025
  • Property Type: Sale Of Business
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
11/04/2025 S12506528 $700,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Penetanguishene
  • $740,758 Average List Price
    based on 1 year
  • 43 New Listings
    based on 30 days
  • 94 Median Days on Market
    based on 1 year
  • List vs. Selling Price 184.89 % Up
  • Sold (12mo) 127
  • Rented (12mo) 13

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Property Type Distribution
  • All Houses
    82.08%
  • Commercial
    10.53%
  • Condo
    6.39%
  • Land for Sale
    1%
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Taxes: $4,459
  • Last Status New
  • Original Price: $700,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 04/11/2025 14:09:11
  • Possession Date: 03/01/2026 00:00:00
Want to see this property?