$650,000

56 Norfolk Street S

Simcoe ON, N3Y 2W2

Description

HIGH TRAFFIC CORNER COMMERCIAL/RESIDENTIAL INVESTMENT PROPERTY, LOCATED ON THE CORNER OF NORFOLK AND PEEL STREETS. FEATURES 5 APARTMENTS AND TWO COMMERCIAL SPACES. 4- 2 BEDROOM APT AND A 1 BEDROOM APT(APT TENANTS PAY OWN UTILITIES) CORNER COMMERCIAL UNIT HAS RENEWED 5 YEAR LEASE. (INCLUDES UTILITIES) RECENT IMPROVEMENTS INCLUDE: ROOF, SIDING WEST SIDE, RESTORATION OF FASCIA WOODWORK, RENOVATED CORNER UNIT, PAVED PARKING AREA, 400 AMP 3 PHASE HYDRO-UPGRADE ADDITIONAL ELECTRICAL, ADDED FIRE ALARM SYSTEM THROUGHOUT BUILDING WITH AUDIO/VISUAL ALARMS, FIRE SEPARATION BETWEEN APARTMENTS AND RETAIL SPACE, ADDED TWO HVAC SYSTEMS TO VACANT COMMERCIAL SPACE. EMPTY COMMERCIAL UNIT POTENTIAL RESTAURANT-KITCHEN EQUIPMENT INCLUDED. SITE PLAN APPROVAL FOR PARKING LOT TO BE USED AS PATIO FOR FUTURE RESTAURANT. GREAT VALUE WITH POTENTIAL FOR ADDITIONAL REVENUE! CALL TODAY!

Details

MLS#30753101
Listing TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusContingent
Days On Site215

Features

SQ Feet6,098
Story(s)0

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Area Information

ProvinceON
CountyNorfolk
CitySimcoe
Postal CodeN3Y 2W2
AreaTown of Simcoe
Listing VS Median (in N3Y 2W2)
Price:
$650,000
low | high
Med:
$1,850
100% of Average
SqFt:
6,098
low | high
Med:
1,605
100% of Average
$ / SqFt:
$107
low | high
Med:
$1
100% of Average
On Site:
215
low | high
Med:
42
100% of Average
Listing Updated: 02/18/2020
MLS Number: 30753101
Listing Provided By:
ROD FESS  of  RE MAX ERIE SHORES REALTY INC BROKERAGE
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