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$1,550,000
Status: For Sale
The Investments Group is pleased to present a unique mixed-use investment opportunity in Simcoe’s 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.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40705885 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :19 Mar, 2025 (5 Days ago) |
| Source | :Hamilton - Burlington |
| Area | :Norfolk |
|---|---|
| City | :Simcoe |
| Area Major | :Town of Simcoe |
| Area Minor | :Town of Simcoe |
| Postal Code | :
N3Y 3S1
|
| Directions | :Queensway W - Norfolk St N - Robinson St - Kent St N |
| Price | : $1,550,000 |
|---|---|
| Property Taxes | :$15124.72 |
| Tax Year | :2024 |
|---|
| Bedrooms | :11 + |
|---|---|
| Air Conditioning | :Ductless |
| Heating | :Heat Pump |
| Bathrooms | :8 |
|---|---|
| Approx Square Footage | :16600 sqft |
14 Mar, 2025
TREB #40705885
Listed
$1,550,000
