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10 Clarence Avenue

Penetanguishene / Penetanguishene, ON L9M 1A9

ActiveFor Sale
3 Beds
3 Baths
700 Sq Ft
Multi-Family
Virtual Tour Available

About This Property

Discover one of Penetanguishene's most versatile properties - a solidly built, beautifully updated home offering breathtaking sunset views over Georgian Bay from a quiet residential street. Whether you're looking for a primary residence with rental income, a multigenerational family setup, or a turnkey investment in one of Simcoe County's most sought-after waterfront communities, this property delivers on every front. The legal duplex includes a walk-out lower-level apartment completed in 2021 (permits available), ready to generate immediate rental income or house extended family with full privacy. The unit is currently rented out by immediate family but can be vacant upon possession. The main living space was fully renovated in 2024, featuring new flooring, trim, barn doors, roof, garage doors, and appliances - meaning nothing has been left untouched. A newly added bathroom in the lower level adds flexibility and further long-term value. Economical to operate with low utility costs, this home is as practical as it is beautiful. Steps from trails and everyday amenities, you're immersed in the lifestyle that draws buyers to the Georgian Bay area - waterfront sunsets, small-town charm, and year-round community living. Built in 2009 | 1,827 sq ft finished | Permits available for lower suite | Contact the listing agent for full floor plans.

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size700 sq ft
Bedrooms3
Bathrooms3
Postal CodeL9M 1A9
Last UpdatedAug 8, 2026 · 8:35 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® S13128282

Listed by Keller Williams Experience Realty

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$729,900

asking price

MLS®S13128282
TypeMulti-Family
CityPenetanguishene
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,564

/month · $583,920 mortgage

Down Payment20% — $145,980
Interest Rate5.5%

Amortization

Total Interest

$485,339

Total Cost

$1,069,259

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

Keller Williams Experience Realty