11 Simcoe Plaza, Terrace Bay - Business for Sale
11 Simcoe Plaza, Terrace Bay, Ontario, P0T2W0
This business in Terrace Bay is for sale. It has been on the market 184 days, fresher than the Terrace Bay average of 257 days.
Description
Opportunity knocks with this versatile commercial/residential property located in a busy commercial plaza in Terrace Bay, offering excellent exposure and steady traffic flow. Whether you?re an entrepreneur ready to launch or an investor looking for mixed-use income potential, this property delivers flexibility and value. The main level features a fully equipped commercial space with all assets from a former coffee shop included, making this a turnkey opportunity to reopen a cafe or bring your own business vision to life. Upstairs you?ll find a spacious 4-bedroom 1-bath apartment, ideal for owner-occupancy or generating strong rental income. Live where you work or lease the unit to offset expenses. This setup offers multiple revenue streams. Don?t wait long, come take a look! Visit www.century21superior.com for more info and pics. (id:66096)
Property Details
- MLS®
- X13245364
- Property Type
- Business
- Parking
- 2
- Frontage
- 29 ft
- Basement
- Full
- Heating
- Baseboard heaters, Electric, Other
- Cooling
- None
- Property Tax
- $3,216.81/yr
- Listed
- 184 days ago
Features
- Appliances
- Washer, Dryer
- Foundation
- Block
- Exterior
- Brick, Vinyl siding
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
- Utilities
- Telephone, Electricity Connected
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 184 days on market, against an average age of 257 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 88 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 89.4 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Terrace Bay has been listed for 184 days, which is 73 days fresher than the city average of 257. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P0T)
This home lists at $150,000, about 1.9× the local median household income of $77,000.
Carrying it typically needs a household income of about $29,300 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $77,000
- Population
- 32,000
- Median age
- 45.6
- Owner / renter
- 84% / 16%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA P0T)
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$150,000
Terrace Bay