About this property

A rare strategic acquisition for the savvy developer or land-banker! This massive 4.468-acre infill parcel is situated in the heart of Penetanguishene, surrounded by established residential neighborhoods. Uniquely positioned to offer suplimental cash flow, the property features a standalone 3 bedroom residence currently generating $2,360 per month in rental income-providing an excellent carry while you navigate the planning process.Currently zoned R1 and Deferred Development (D), these retained lands represent one of the last significant intensification opportunities within the Primary Settlement Area. With municipal services at the lot line and close proximity to the waterfront and downtown core, the potential for a multi-lot severance or residential project is immense (subject to Town approval). Secure a holding property today and build for tomorrow. Additionally, there is an unopened municipally owned road allowance bordering the west edge of the property. Seller has completed the following work related to the development of the property:-Initial planning consultation (May 2022)-Stage 1&2 Archaeological Assessment (December 2022)-Preliminary Site Plan (August 2023)-Environmental Impact Study (August 2023). Buyer to conduct their own due diligence regarding rezoning and future use.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	S13029528
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	1,500 sq ft
Lot Size	4 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	Penetanguishene
City	Penetanguishene
Postal Code	L9M 1C7
Province	ON
Listed Date	April 22, 2026
Days on Market	106
Price per Sq Ft	$866
Brokerage	KAIZEN CAPITAL REALTY PARTNERS