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$399,900
Simcoe
27 COLBORNE Street South, Simcoe, Ontario, N3Y4H2
This office property in Simcoe is for sale offering roughly 3,000 sq ft of space.
This beautifully updated mixed-use building offers a turnkey commercial space on the main level along with a bright and modern 2-bedroom apartment upstairs. Renovated throughout the last five years, the property shows exceptional care and quality, making it an excellent opportunity for investors seeking a well-maintained, income-generating asset. The main level features a professional and inviting layout, including four private offices, a welcoming reception area, a common workspace, and a convenient kitchenette with a 2-piece bath. Laminate flooring runs throughout the space, complemented by newer windows that enhance natural light. The front office also showcases an exposed brick wall, adding warmth, character, and a stylish focal point to the workspace. Upstairs, the large open-concept apartment offers abundant natural light and a modern, comfortable feel. It includes two generously sized bedrooms, a spacious 4-piece bathroom, and an open living, dining, and kitchen area with well-maintained finishes throughout. With strong curb appeal, thoughtful updates, and excellent overall condition, this property stands out as a prime investment opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 124 days on market, against an average age of 74 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $399,900, about 5.2× the local median household income of $77,500.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
Source: Statistics Canada, 2021 Census (FSA N3Y)
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