Fantastic Investment Opportunity or Live-In Income Property in Penetanguishene! Welcome to 32 Maria Street, a well maintained multiplex offering excellent potential for both first time buyers and seasoned investors. Featuring three one-bedroom units, this property offers a fantastic opportunity to generate rental income while building equity. Two units are currently tenanted, while the third is vacant and ready for its next occupant. Looking to get into the market? Live in one unit and let the rental income from the other two help supplement your mortgage payments, or secure your own A+ tenant to maximize your investment potential. Outside, you'll find ample parking for 8+ vehicles, a detached garage/storage shop that was previously used as a personal workshop, plus additional storage space ideal for housing lawn care and snow removal equipment. Whether you're looking to expand your investment portfolio or take your first step into homeownership with the added benefit of rental income, this versatile property is full of opportunity. Don't miss your chance to explore the possibilities here!
3 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $330 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 32 Maria St
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Partially Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
32 Maria St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S14106278$659,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 32 Maria St 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
$3,242
/mo
based on the purchase price of $659,900
$131,980 cash
$527,920 financed
$444,647 total interest
Principal54%$527,920
Interest46%$444,647
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 32 Maria St
Homes for sale in Penetanguishene
Every active Penetanguishene MLS® listing, updated all day.
Average days on market47Homes sold in about 47 days on average.
Sale-to-list ratio95.5%On average, homes sold below asking.
Active listings93Homes for sale here right now.
Median vs prior 90 days−8.1%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 47 sales from Jul 25 – Oct 23, 2026 (33 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 32 Maria St
How much is 32 Maria St listed for?
32 Maria St is listed at $659,900 (MLS® S14106278). Summitly updates the price as soon as the MLS® record changes.
Is $659,900 a good price for 32 Maria St?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 32 Maria St changed?
No — 32 Maria St is still listed at its original asking price of $659,900.
How many bedrooms and bathrooms does 32 Maria St have?
32 Maria St has 3 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a multiplex in Penetanguishene.
How much would the monthly mortgage be on 32 Maria St?
About $3,242 a month — principal and interest on $659,900 with 20% down ($131,980), 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 32 Maria St compare with other homes in Penetanguishene?
Its asking price of $659,900 is about 16% above the median sold price in Penetanguishene over the last 90 days, $570,000, across 47 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 32 Maria St been sold before?
Summitly has no earlier MLS® sale or lease of 32 Maria St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 32 Maria St?
32 Maria St is in Penetanguishene, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 32 Maria St been on the market?
1 day — 32 Maria St was listed on October 22, 2026.
What is the price per square foot of 32 Maria St?
About $264 to $330 per square foot: the asking price of $659,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 32 Maria St have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
Does 32 Maria St have a basement, and is it finished?
The listing describes the basement as: Partially Finished.
