150 Peel Street S, Blue Mountains, ON N0H 2P0, Blue Mountains, ON
Bed 2
Bath 2
Exceptional Multi-Residential Investment Opportunity in Thornbury! Set on 4.6 acres in the heart of Thornbury, this unique property offers both immediate income and incredible development potential. The property consists of 9 fully tenanted rental units, a mix of one-and two-bedroom townhomes.A proposed development plan outlines the potential for up to 30 units (subject to approvals), making this a rare opportunity for investors or developers looking to expand in one of the areas most sought-after communities.The main residence features a spacious living, dining, and kitchen area with a bright white kitchen, ample cupboard space, peninsula seating, and doors opening to a private back deck surrounded by mature trees. With 2 bedrooms and 2 bathrooms, it's ideal as an owners unit or for additional rental income.Other units on the property provide a steady income stream, with all currently leased. Serviced by town water and septic, the property offers flexibility for future plans while continuing to deliver returns today.Perfectly located, its within walking distance to Downtown Thornbury, minutes across the road to Georgian Bay, and only a short drive to private ski and golf clubs in The Blue Mountains.Whether you're looking to sit back and collect rental income or explore the development potential, this property is a standout investment in Southern Georgian Bay.Square footage, bedroom/bathroom count and interior photos/video are from the main unit.
Property Highlights
For Sale
MLS NO.
X12415574
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
2
Bathrooms
2
Parking
10.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12415574
Living Area Range
1100-1500
Total Bedrooms
2
Bedrooms Above Grade
2
Total Bathrooms
2
Total Kitchens
1
Kitchens Above Grade
1
Rooms Above Grade
6
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Construction
Vinyl Siding
Roof
Asphalt Shingle
Lot Width
248.77
Lot Size
4.6
Lot Size Units
Acres
Parking Features
Mutual, Other
Parking Total
10.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Wall Unit(s)
Heat Source
Electric
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
150 Peel Street S, Blue Mountains, ON N0H 2P0
City
Blue Mountains
Neighbourhood
Blue Mountains
County / Region
Grey County
Province / State
ON
Postal Code
N0H 2P0
Cross Street
HWY 26 towards Meaford, past foodland, turn left onto Peel St S.
Directions
HWY 26 towards Meaford, past foodland, turn left onto Peel St S.
Country
CA
List Price
$2,500,000
Annual Taxes
$5,716
Tax Year
2024
Legal Description
PT PARKLT 15 SW/S LOUISA ST, 16 SW/S LOUISA ST, 16 NE/S ALICE ST PL THORNBURY PT 2 & 6 16R5174 EXCEPT PT 1 16R6519; T/W R421215; S/T R128156; THE BLUE MOUNTAINS
Possession Type
Other
Possession Details
tbd
Listing Office
Royal LePage Locations North
Board
One Point Association of REALTORS
Original Entry
2025-09-19T17:36:23Z
Media Updated
2026-02-23T17:05:21Z
Photos Updated
2026-02-23T17:05:21Z
Last Modified
2026-03-17T05:15:17Z
System Modified
2026-03-17T05:15:17.44167Z
MLS Status
Expired
Architectural Style
1 Storey/Apt
Basement
None
Co List Office Name
Royal LePage Locations North
Ddfyn
No
Expiration Date
2026-03-16
Foundation Details
Concrete
Heat Source Multi
Electric
Heat Type Multi
Other
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
371320104
Parking Spaces
10
Public Remarks
Exceptional Multi-Residential Investment Opportunity in Thornbury! Set on 4.6 acres in the heart of Thornbury, this unique property offers both immediate income and incredible development potential. The property consists of 9 fully tenanted rental units, a mix of one-and two-bedroom townhomes.A proposed development plan outlines the potential for up to 30 units (subject to approvals), making this a rare opportunity for investors or developers looking to expand in one of the areas most sought-after communities.The main residence features a spacious living, dining, and kitchen area with a bright white kitchen, ample cupboard space, peninsula seating, and doors opening to a private back deck surrounded by mature trees. With 2 bedrooms and 2 bathrooms, it's ideal as an owners unit or for additional rental income.Other units on the property provide a steady income stream, with all currently leased. Serviced by town water and septic, the property offers flexibility for future plans while continuing to deliver returns today.Perfectly located, its within walking distance to Downtown Thornbury, minutes across the road to Georgian Bay, and only a short drive to private ski and golf clubs in The Blue Mountains.Whether you're looking to sit back and collect rental income or explore the development potential, this property is a standout investment in Southern Georgian Bay.Square footage, bedroom/bathroom count and interior photos/video are from the main unit.
Showing Requirements
Lockbox, See Brokerage Remarks, Showing System, List Brokerage, List Salesperson