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Investment Highlights

  • 2.27-acre residential parcel approved for development of 19 townhome units.
  • Located in an established neighborhood near schools, shopping, and essential services.

Executive Summary

128 Burke Street offers a unique residential development opportunity in the growing community of Penetanguishene. This 2.27-acre parcel is approved for a proposed 19-unit townhome project, with detailed designs already submitted to the Town as of March 2026. Situated in a desirable residential area, the property combines substantial lot size with development flexibility, making it suitable for multifamily or condominium layouts to meet local housing demand.
The site benefits from access to essential municipal services, proximity to schools, retail amenities, and recreational facilities, and is positioned within a quiet yet well-connected neighborhood. Its location in Simcoe County places it within reach of Midland’s commercial core and Georgian Bay, supporting long-term appeal with strong lifestyle and growth fundamentals. This is a rare chance to secure shovel-ready land in a region poised for continued residential expansion.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Planned Unit Development
Total Lot Size 2.27 AC
Zoning Res

1 Lot Available

Lot

Lot Size 2.27 AC

Proposed 19-unit multifamily townhomes. Approved as of March 2026.Detailed design has been sent in to Town.

Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 39802180

  • Date on Market: 2026-03-17

  • Last Updated:

  • Address: 128 Burke St, Penetanguishene, ON L9M 1B2

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