Overview

This retail property in Norfolk is for sale offering roughly 5,000 sq ft of space. It has been on the market 19 days, fresher than the Norfolk average of 68 days.

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Description

Attention Investors! Introducing a prime addition to your real estate portfolio with this fully occupied, high-yield four-plex featuring a profitable rent roll. Notably, this property is home to the city's favorite vibrant new bakery, ensuring excellent visibility and steady foot traffic. This versatile multi-unit property consists of a main building with one commercial storefront unit and two residential apartments, complemented by a separate, detached second commercial building-offering a total of four turnkey revenue streams. (id:66096)

Property Details

MLS®: X14088550
Property Type: Retail
Zoning: CBD
Parking: 6
Interior Size: 5,000 ft²
Lot Size: 48 × 105 ft (5,040 sq ft)
Frontage: 48 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $4,420/yr
Listed: 19 days ago

Market Timing

Days on market

19d

Norfolk (Simcoe) listings, avg age

68d

Price / ft²

$110

List price

$550K

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 19 days, which is 49 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 $549,900, about 7.1× the local median household income of $77,500.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 39% 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)

$549,900· $110/ft²

For sale

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Financing

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39 Norfolk Street North, Norfolk (Simcoe) - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N3Y)

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