$449,000

For sale

25 Robinson Street, Norfolk (Simcoe) - Retail for Sale

25 Robinson Street, Norfolk (Simcoe), Ontario, N3Y1W3

1,919 ft²13 × 105 ft (1,373 sq ft) lot sizeListed 34 days ago

Overview

This retail property in Norfolk is for sale offering roughly 1,919 sq ft of space. It has been on the market 34 days, fresher than the Norfolk average of 68 days.

Retail Space for Sale in Norfolk →All real estate in Norfolk →

Description

Well-Maintained Mixed-Use Building in Downtown SimcoeREMARKS FOR CLIENTSExcellent opportunity to own a fully leased mixed-use property in the heart of downtownSimcoe, featuring a turnkey restaurant with LLBO licence on the main floor and a beautifullyrenovated 2-bedroom apartment on the second floor. The property offers both commercial andresidential income in a prime, high-visibility location.The main floor restaurant is fully equipped and currently leased, featuring a commercialkitchen, exhaust hood, fire suppression system, dishwasher, and two accessible washrooms. Thespace is well suited for dine-in, takeout, and delivery operations.The second-floor 2-bedroom apartment has been beautifully renovated and is currently leased ona per-room basis, providing strong rental income potential. It features a modern kitchen,open-concept living area, updated 3-piece bathroom, and a bright enclosed 3-season sunroom.Additional features include a full basement for storage and rear parking.A rare opportunity to own a fully leased commercial and residential property in a centraldowntown location, offering multiple income streams and long-term investment potential. (id:66096)

Property Details

MLS®: X13850474
Property Type: Retail
Zoning: CG
Interior Size: 1,919 ft²
Lot Size: 13 × 105 ft (1,373 sq ft)
Frontage: 13 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $3,813/yr
Listed: 34 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Norfolk (Simcoe) listings, avg age

68d

Price / ft²

$234

List price

$449K

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 34 days, which is 34 days fresher than the city average of 68. Act while there is still low competition.

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Listed by CENTURY 21 PROPERTY ZONE REALTY INC. · GURPREET SINGH BUTTER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3Y)

This home lists at $449,000, about 5.8× the local median household income of $77,500.

Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 13% 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)

$449,000· $234/ft²

For sale

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