56 Norfolk St S - Storefront Retail/Residential FOR SALE


Simcoe, ON N3Y 2W2
$1,999,900 CAD
866-760-2247
56 Norfolk St S, Simcoe, ON for Sale
$1,999,900 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | 5.9% Cap Rate

56 Norfolk St S
Simcoe, ON N3Y 2W2


HIGHLIGHTS

  • High traffic location for store fronts
  • Parking for residential units

OVERVIEW

Cento Capital is pleased to present 56 Norfolk Street S, Simcoe, a fully leased mixed-use 8-plex in one of the town’s most desirable downtown locations. The three-storey building offers over 9,000 SF above grade, featuring two high-exposure commercial units with 15’ ceilings and six spacious residential suites with strong natural light and separately metered utilities for the upper units. Extensive capital improvements include roof and flashing, flooring, plumbing, electrical, sub-panels, fixtures, and masonry upgrades. The property also benefits from ample on-site parking and flexible CBD zoning, allowing for a wide range of permitted uses, including the potential to add an additional unit on the main floor. A well-located income-producing asset with a Vendor Take-Back mortgage available in first or second position, providing additional flexibility for qualified buyers.

FOR SALE DETAILS

PRICE

$1,999,900 CAD

PRICE/SF

$219 CAD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CBD

APN/PARCEL ID

331040101113800

ASK ABOUT THIS PROPERTY

Adam KrawecRe/Max Escarpment Realty IncMore Info
866-760-2247

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Adam KrawecRe/Max Escarpment Realty IncMore Info
866-760-2247

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