This retail property in Norfolk is for sale offering roughly 2,185 sq ft of space. It has been on the market 1 day, fresher than the Norfolk average of 68 days.

Description

4200 Sq. Ft. of Prime Retail/Office space in the heart of Simcoe Ont. This Property is Fully Leased to Long Term A+++ Tenants (RBC Dominion and PAL Insurance). CBD Zoning Allows for a multitude of options to increase the value of the building in the future, including transitioning the 2nd Floor into multiple Residential Units. This would be a Great opportunity to Start or Add to your Investment Portfolio! (id:66096)

Property Details

MLS®: X14141186
Property Type: Retail
Zoning: CBD
Interior Size: 2,185 ft²
Lot Size: 26 × 84 ft (2,166 sq ft)
Frontage: 26 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $10,404/yr
Listed: Yesterday

Market Timing

Days on market

Norfolk (Simcoe) listings, avg age

68d

Price / ft²

$320

List price

$700K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This retail in Norfolk (Simcoe) has been listed for 1 day, which is 67 days fresher than the city average of 68. Act while there is still low competition.

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Area context

Neighbourhood profile (N3Y)

This home lists at $699,900, about 9.0× the local median household income of $77,500.

Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 76% above the area median.

Median household income: $77,500
Population: 23,402
Median age: 49.2
Owner / renter: 75% / 25%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N3Y)

$699,900· $320/ft²

For sale

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Financing

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2 Norfolk Street South, Norfolk (Simcoe) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N3Y)

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