3232 Simcoe Rd - Apartments FOR SALE


Brechin, ON L0K 1B0
$1,499,999 CAD
437-320-1317
3232 Simcoe Rd, Brechin, ON for Sale
$1,499,999 CAD
Apartments - FOR SALE
1/1
null | 6.97% Cap Rate

3232 Simcoe Rd
Brechin, ON L0K 1B0


HIGHLIGHTS

  • Close proximity to Lake Simcoe.
  • Surrounded by Municipal Amenities.
  • New industrial developments nearby.
  • Flexible commercial zoning
  • Ideal for retail or automotive uses

OVERVIEW

Introducing an outstanding 5-unit multifamily property with commercial zoning located in Brechin. This property boasts approximately 6,300 square feet of space, making it ideal for various retail ventures. There are two buildings on the lot comprising 5 rental units (4 residential and 1 commercial). There is a common laundry area shared by all tenants with new coin laundry machines. The garage and parking area are leased together and the tenants have their own designated parking. Snow clearing and lawn maintenance are part of the lease agreements with the tenants. Roofing, furnace and AC have been recently replaced. This property is move-in ready and offers a generous parking ratio of 7.01 spaces per 1,000 square feet. The commercial zoning opens up a world of possibilities, while the 0.78-acre land area ensures ample space for expansion or customization. Additionally, its proximity to Lake Simcoe, and the convenience of nearby municipal amenities make this property a prime investment opportunity. VTB can be made available for qualified buyers. Don't miss out on the potential of this cash flowing property with promising new industrial developments in the vicinity.

FOR SALE DETAILS

PRICE

$1,499,999 CAD

PRICE/SF

$238 CAD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

Village Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mya QiLucero Commercial GroupMore Info
437-320-1317

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Mya QiLucero Commercial GroupMore Info
437-320-1317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.