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$1,550,000
Est. payment /mo
12,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,100 sqft
Price per Sqft $128
Subdivision Simcoe
MLS Listing ID X12020402
Annual Tax Amount $15,124
Tax Year 2024
Property Sub-Type Investment
Property Description
The Investments Group is pleased to present a unique mixed-use investment opportunity in Simcoes downtown district. This asset includes five fully completed condo-style residential units with in-suite laundry, two main-floor commercial units offering prime street exposure, and five self-contained lower-level commercial units. A significant value-add opportunity exists with the approved permit for three additional residential units on the main floor, providing investors with an NOI lift that enables takeout financing within a short timeframe.
Location
Province ON
County Norfolk
Community Simcoe
Area Norfolk
Zoning CG
Interior
Cooling Yes
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
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Lited by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES