57 Penetang Street

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Listing Description

Versatile RM2 zoned duplex offering immediate income with strong long term upside. Located at 57 Penetang, this property presents an excellent opportunity for investors, multi generational living, or owner occupants looking to offset costs with rental income. The large deep yard opens the door to future possibilities including the potential addition of a garden suite under Bill 23, adding another layer of flexibility and value over time. The main unit offers a bright and spacious two bedroom layout filled with natural light. A main floor living room could easily function as a third bedroom, while high ceilings preserve the character of a century home and blend seamlessly with modern conveniences such as in unit laundry. The space is comfortable, functional, and appealing for both tenants and owner occupants. The second unit features two well proportioned bedrooms, a generous living room, and an eat in kitchen with warm and inviting finishes throughout. In unit laundry and direct basement access add meaningful practicality, providing extra storage or hobby space that enhances overall usability. Both units are fully self contained, offering privacy and efficient layouts. RM2 zoning supports future redevelopment or intensification, whether through additional residential units, a garden suite, or other permitted higher density uses. Centrally located with convenient access to amenities, schools, parks, and public transportation, this property is well positioned to attract and retain tenants. 57 Penetang offers a rare blend of immediate cash flow, long term development potential, and flexible living arrangements. Whether adding to an investment portfolio or purchasing a home with built in income, this property delivers solid value today with meaningful upside ahead.