16 Peter Street
South Bruce, N0G 2J0
FOR SALE
$499,900

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Investment
CATEGORY75 x 132
LOT SIZEX12817962
MLSIDContact Us
Property Description
This property represents a compelling investment opportunity, particularly for those interested in converting it into a duplex and enjoying rental income benefits. With its generous size and well-considered layout, it easily accommodates two spacious units, each offering privacy and comfort. The presence of separate entrances ensures convenience and independence for both households, making it ideal for multi-generational living or rental income potential (a ramp could be added to rear entrance for accessibility purposes as main has wheelchair accessible 2 pc. bath). Additionally, the ample parking available - space for up to seven cars - further enhances the appeal for prospective tenants or owners. This building was once a beloved convent and later a bustling municipal office and library, not to mention the home of a well-loved scrapbook boutique where supplies were sold, and workshops held. Many adjustments were made by the present owners to accommodate this venture including expansion of parking, steel doors, fire safety, and more. Other noteworthy updates include a metal roof and modern boiler system, and electrical updates, offering peace of mind for years to come. Centrally located near schools, recreation centre and downtown, this unique combination of features positions the property as a versatile and attractive option for investors seeking strong returns and long-term value. (Note: Add water/sewer/garbage surcharge fee to annual taxes).
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Property Details
Address
16 Peter Street
Community
City
Postal Code
N0G 2J0
Property Type
Investment, Investment
Use
Apartment
Zoning
C3
Lot Size
75' x 132'
Taxes
$3,591 (2025
Heat Type
Gas Hot Water
Water
Municipal
Garage Type
None
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Listing contracted with Exp Realty
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