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10 Norfolk Street S

Simcoe, ON N3Y 2V9
  • $1,250,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 40315118
UPDATED: 52 min ago
$1,250,000
  • 0
    BEDS
  • < 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,337
    SQFT
  • $110
    $/SQFT
Neighbourhood:
Type:
Commercial
County:

Description

Twelve-unit mixed use commercial/residential property in downtown Simcoe providing a current 7% cap rate. With two main floor commercial spaces, one currently rented to a restaurant, the other vacant so you can set your own rent. Ten residential loft one-bedroom apartments, fully tenanted and all separately metered for hydro and gas. Common area coin laundry room. Take a look, its tough to buy into multi-family real estate, especially with the established cap rate provided here and the potential to increase it in the future.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-09-24T18:22:02.827.
www.bluemountainproperty.ca/homes/132561952
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10 Norfolk Street S Simcoe, ON N3Y 2V9

  • Price: $1,250,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 52 min ago
  • MLS #: 40315118
0
Beds
0
Baths
0
½ Baths
< 0.5
Acres
11,337
SQFT
$110
$/SQFT
Neighbourhood:
Town Of Simcoe
County:
Norfolk
Area:
Town Of Simcoe
Property Description
Twelve-unit mixed use commercial/residential property in downtown Simcoe providing a current 7% cap rate. With two main floor commercial spaces, one currently rented to a restaurant, the other vacant so you can set your own rent. Ten residential loft one-bedroom apartments, fully tenanted and all separately metered for hydro and gas. Common area coin laundry room. Take a look, its tough to buy into multi-family real estate, especially with the established cap rate provided here and the potential to increase it in the future.
Exterior Features

Acres Range < 0.5 Commercial Doors Count 0 Construction Materials Brick Docking YN No Frontage Length 45.00 Frontage Type West Lot Features Business CentreCity LotParkPlace Of WorshipRec./Community CentreSchoolsShopping Nearby Waterfront YN No

Interior Features

Basement FullPartially Finished Cooling Central Air Fireplace YN No Heating Natural Gas Heating YN Yes Kitchens Total 0

Property Features

Assessment Year 2022 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Cross Street Argyle St Exclusions Tenants Belongings Inclusions Fridge X 10Stove X 10Dishwasher X 10All Working But In "As-IsWhere Is" Condition Laundry Features Coin Operated Lot Depth 84 New Construction YN No Number Of Apartment Units 0 Property Sub Type Investment Restrictions Other Sewer Sewer (Municipal) Transaction Type Sale Water Source Municipal Zoning Cbd

Listing information © 2022 Information Technology Systems Ontario.
Listing provided courtesy of Adam Degroote of Re/Max Twin City Realty Inc.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-09-24T18:22:02.827.
 
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