If you are looking for an absolutely turn key 12-unit apartment building, this is it. Priced at a 6.2 cap rate. This building has had extensive renovations in the past 5 years. You will not find a better investment opportunity. 9 one-bedroom apts and 2 one-bedroom with dens and 1 two-bedroom with new kitchens, bathrooms, flooring, doors, trim, some new electrical and plumbing, drywall, heating, laundry room, security room, paved parking, appliances, fire and smoke system, and revamped decks. Great downtown Penetanguishene location, walking distance to shopping, restaurants, and a beautiful trail system along the waterfront park on Georgian Bay.Very easy to find quality tenants in this location. Minimum 36 hours' notice to show the building. First visit, we will set up only 3 apartments to give you a good feel of the property. Listing agent must be present for all showings. Financials available upon request.
13 bedrooms, 12 bathrooms, about 5,000 sq ft, works out to roughly $570 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 2 Tessier Dr
Every detail from the listing, in one place.
Type
Multiplex
Style
3-Storey
Living space
5000 + sq ftas stated on the listing
Parking
14 spaces
Basement
Crawl Space, Unfinished
Features & systems
Parking & garage
Parking spaces
14
Interior
Basement
Crawl Space · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Multiplex
2 Tessier Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S14154198$2,850,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2 Tessier Dr Compares to the Penetanguishene Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$14,001
/mo
based on the purchase price of $2,850,000
$570,000 cash
$2,280,000 financed
$1,920,358 total interest
Principal54%$2,280,000
Interest46%$1,920,358
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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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.
Keep looking near 2 Tessier Dr
Homes for sale in Penetanguishene
Every active Penetanguishene MLS® listing, updated all day.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio95.8%On average, homes sold below asking.
Active listings81Homes for sale here right now.
Median vs prior 90 days−7.3%Compared with May 10 – Aug 8, 2026: prices down.
Based on 43 sales from Aug 8 – Nov 6, 2026 (38 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 2 Tessier Dr
How much is 2 Tessier Dr listed for?
2 Tessier Dr is listed at $2,850,000 (MLS® S14154198). Summitly updates the price as soon as the MLS® record changes.
Is $2,850,000 a good price for 2 Tessier Dr?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Penetanguishene. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 2 Tessier Dr changed?
No — 2 Tessier Dr is still listed at its original asking price of $2,850,000.
How many bedrooms and bathrooms does 2 Tessier Dr have?
2 Tessier Dr has 13 bedrooms and 12 bathrooms, with about 5,000 square feet of living space. It is a multiplex in Penetanguishene.
How much would the monthly mortgage be on 2 Tessier Dr?
About $14,001 a month — principal and interest on $2,850,000 with 20% down ($570,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 2 Tessier Dr compare with other homes in Penetanguishene?
Its asking price of $2,850,000 is about 396% above the median sold price in Penetanguishene over the last 90 days, $575,000, across 43 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 2 Tessier Dr been sold before?
Summitly has no earlier MLS® sale or lease of 2 Tessier Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2 Tessier Dr?
2 Tessier Dr is in Penetanguishene, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2 Tessier Dr been on the market?
1 day — 2 Tessier Dr was listed on November 5, 2026.
What is the price per square foot of 2 Tessier Dr?
About $570 per square foot: the asking price of $2,850,000 over the 5,000 sq ft the listing gives.
Does 2 Tessier Dr have parking or a garage?
Yes — the listing gives 14 parking spaces.
Does 2 Tessier Dr have a basement, and is it finished?
The listing describes the basement as: Crawl Space, Unfinished.
