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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Simcoe
MLS Listing ID X12836664
Annual Tax Amount $6,332
Tax Year 2025
Property Sub-Type Investment
Property Description
Royal LePage Commercial - The Investments Group 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.
Location
Province ON
County Norfolk
Area Norfolk
Zoning CBD
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Parking Features Outside/Surface
Community Features Public Transit
Utilities Available Yes
Building
Lot Description Unknown
New Construction false
Lited by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
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