REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 499,900
Est. payment /mo
Active
16 Peter ST S South Bruce, ON N0G 2J0
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision South Bruce
MLS Listing ID X12817962
Annual Tax Amount $3,591
Tax Year 2025
Property Sub-Type Investment
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).
Location
Province ON
County Bruce
Area Bruce
Zoning C3
Interior
Cooling Yes
Inclusions Fridge, stove, built-in dishwasher, stackable washer/dryer, deep freezer in basement (all appliance function but are not new, thus, are in AS IS condition. Light fixtures, ceiling fans, window coverings, 2 dehumidifiers, lawn mower, garden shed, A/G pool (AS IS).
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Building
Lited by eXp Realty