DuplexListed yesterday

10 Water St, Penetanguishene

Name: 10 Water Street
SKU: S14133898
Price: 499900 CAD
Availability: InStock

Penetanguishene, ON · · MLS® S14133898Updated October 30, 2026

$499,900Est. $2,456/mo mortgage

Bedrooms: 3
Bathrooms: 2
Living space: 1500–2000sq ft
Parking spaces: 5

Type Duplex
Basement Unfinished, Exposed Rock

What you should know

10 Water St is a 3-bedroom, 2-bathroom duplex in Penetanguishene, listed for $499,900. It has 1500-2000 sq ft of living space.

Legal Duplex Steps from Downtown, Waterfront Park and Rotary Trail!An excellent opportunity for investors or those looking to live in one unit while generating rental income from the other!
Plumbing, electrical and roof all redone in 2015 - not your regular rental unit!
The main floor unit, currently vacant, features high ceilings, two generously sized bedrooms, a bright living room, kitchen, and 4pc bathroom.

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1 Upcoming Open House at 10 Water St

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Sunday, November 110:00 AM – 11:30 AMIn person · no booking neededAdd to Google Calendar (opens in a new tab)Apple / Outlook (.ics)

3 Bed, 2 Bath Duplex in Penetanguishene

About 10 Water Street

Legal Duplex Steps from Downtown, Waterfront Park and Rotary Trail!An excellent opportunity for investors or those looking to live in one unit while generating rental income from the other! Plumbing, electrical and roof all redone in 2015 - not your regular rental unit! The main floor unit, currently vacant, features high ceilings, two generously sized bedrooms, a bright living room, kitchen, and 4pc bathroom. Don't forget the enclosed front porch, lower deck, large closets and shared Laundry.The upper unit offers a bright, kitchen with granite countertops and open-concept living area, one bedroom, and 3pc bathroom. Enjoy a coffee on the screened in upper deck while watching the boats in Penetanguishene Harbour.Outside, the large backyard provides plenty of room to relax, garden, or entertain, ample parking at both the front and rear of the property offers added convenience for both units. The unfinished basement provides an abundance of storage space, complemented by a rear storage shed for additional outdoor equipment.Enjoy the convenience of being within walking distance of downtown Main st., restaurants, waterfront parks, and the Town Dock. Whether you're expanding your investment portfolio, looking for a multi-generational living arrangement, or seeking a home with income potential - this is it !

3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $333 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.

Inside 10 Water St

Every detail from the listing, in one place.

Type: Duplex
Style: 2-Storey
Living space: 1500-2000 sq ftas stated on the listing
Parking: 5 spaces
Basement: Unfinished, Exposed Rock

Features & systems

Parking & garage

Parking spaces: 5

Interior

Basement: Unfinished · Exposed Rock

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Duplex

10 Water St Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 30, 2026For saleListedThis listingMLS® S14133898$499,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 10 Water St Compares to the Penetanguishene Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Excellent Deal· based on 80 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Penetanguishene market, last 90 days

Median sold price: $575,000
Average sold price: $606,740
Average days on market: 49
Homes sold: 45

Closed sales on the TRREB MLS®.

Full Penetanguishene market report

Recently sold nearby in Penetanguishene

Sold prices are shown free to signed-in members, as board rules require.

2 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home10 Water Street 3 bd · 2 ba · 1,500 sqft	$499,900asking	$333	—	—
15 Mcguire Road 3 bd · 2 ba · 700 sqft
52 Edward Street 3 bd · 3 ba · 700 sqft

15 Mcguire Road
3 bd · 2 ba · 700 sqft
52 Edward Street
3 bd · 3 ba · 700 sqft

Living in Penetanguishene: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Costs, Mortgage & Rental Return for 10 Water St

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,456; 20% down · 25 years · 5.5% assumed
Property tax: $275; 0.66% mill rate · ON
Total per month: $2,731; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,456

/mo

based on the purchase price of $499,900

Down payment20%

$99,980 cash

Amortization25 yr

$399,920 financed

Rate5.50%

$336,838 total interest

Principal54%$399,920

Interest46%$336,838

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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Listing brokerage: Real Broker Ontario Ltd., BrokerageMLS® S14133898 · Listing data last updated October 30, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. 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. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Oct 29· $333/sq ft

Estimated monthly mortgage$2,456/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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